2022 SE Asia GDP growth forecast by ADB lowered to 4.5% due to weaker performance in Myanmar, Thailand, and Timor-Leste.

The Asian Development Bank (ADB) has slightly lowered its 2022 GDP growth forecast for Southeast Asia to 4.5%, impacted by weaker performance in Myanmar, Thailand, and Timor-Leste. However, it maintains a 2025 forecast of 4.7%. Strong domestic demand is expected to support growth in Cambodia, Indonesia, and Vietnam. The ADB warns of risks from geopolitical tensions and climate issues, while lower inflation and potential U.S. rate cuts could benefit the economy.

September 25, 2024
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