Asia-Pacific: A Robust Engine of Global Growth Amid New Opportunities

At the Second International Cooperation and Development Conference for Young Entrepreneurs, Former UN Under-Secretary-General, Fabrizio Hochschild, has examined the current global economic climate, characterized by a mix of new opportunities—especially in technology—and significant challenges. He highlights the Asia-Pacific region's robust growth, which exceeds 4% and doubles the global average. However, he also points to rising trends of de-globalization, fortified borders, and supply chain protectionism, making it harder for entrepreneurs to scale globally. The emphasis, therefore, shifts to regional connectivity, local market understanding, and heightened innovation for young business people. Despite intensified competition, Hochschild concludes that it remains an exciting and opportunity-rich landscape for those who can navigate the complexities.