Asian Development Bank forecasts 4.9% growth for developing Asia and Pacific.

The Asian Development Bank (ADB) forecasts a 4.9% growth rate for developing Asia and the Pacific in 2024 and 2025, with the economy remaining strong despite uncertainties in the external environment. Stronger growth in South Asia and Southeast Asia is expected to lead the region's performance, with the ADB urging policymakers to promote resilience by enhancing trade, cross-border investment, and commodity supply networks. Inflation is anticipated to ease slightly to 3.2% this year and 3% in 2025.

April 11, 2024
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