Asian Development Outlook

ADO September 2023

Asian Development Bank

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English

Asian Development Bank
20 September 2023

Economic growth; Economic forecasting; Development economics; Urban economics

Summary
Details

Asia and the Pacific is continuing its solid economic recovery thanks to healthy domestic demand, stable financial conditions and a resilient services sector, while inflation in the region is receding.

This update revises slightly down the region's growth forecast for this year to 4.7% on slower expansions in East Asia, South Asia, and Southeast Asia. The growth forecast for 2024 is unchanged at 4.8%. With price pressures in the region remaining in check, the inflation forecast is revised down to 3.6% for 2023 but is revised up slightly to 3.5% for 2024. Importantly, headline and core inflation seem to have peaked for the region, but there is some variation across economies.

By: Asian Development Bank
Imprint: Asian Development Bank
Dimensions: Height: 279mm, Width: 216mm,
ISBN: 9789292703387
ISBN 10: 9292703382
Pages: 174
Publication Date: 20 September 2023
Audience: Professional and scholarly , Undergraduate
Format: Paperback
Publisher's Status: Active