Economic Forecasts: Asian Development Outlook April 2023
newscatcher
2023-04-04 03:37
Economic Forecasts: Asian Development Outlook April 2023
Watch the Asian Impact Webinar. 4 Apr 2023, 01:00 - 02:00 PM (GMT +8) Growth in developing Asia is forecast at 4.8% this year and in 2024, up from 4.2% last year. The People's Republic of China's (PRC) recovery and healthy domestic demand in India will be the region's main growth supports this year and next.​ is forecast to moderate this year and next, from 4.4% in 2022 to 4.2% in 2023 and 3.3% in 2024, gradually moving closer to pre-pandemic averages​. An array of immediate and emerging challenges could still hold back the region's recovery.

https://www.adb.org/outlook

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