Jeffrey Sachs says Asia is regaining its role as the world’s economic hub

Jeffrey Sachs says the global economic center is shifting back to Asia, as the region continues to expand its share of world output and reinforce its role as the main growth engine.

The Vibes reported on Sunday that Sachs made the remarks in a TV3 Money Matters interview, arguing that Asia's population scale and technological progress are helping pull the center of gravity eastward.

Recent Boao Forum for Asia reporting supports the broader trend. Xinhua said Asia remains the world’s primary growth engine and projected the region’s share of global GDP to rise from 49.2% in 2025 to 49.7% in 2026 on a purchasing-power-parity basis.

The same Boao outlook said stronger intra-regional trade ties and the role of China and ASEAN as anchors of stability are helping underpin that growth.

Sachs has also made similar arguments elsewhere this year. In published March commentary on his own website, he said China’s development remains very positive and contributes significantly to the world economy.

The latest comments are more analysis than breaking data, but they land at a time when Asia's share of global economic activity is still rising and policymakers in the region are emphasizing resilience and integration.