Asian Development Outlook (Ado) September 2023 (Paperback) (ISBN-13: 9789292703387)

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.

Author: Asian Development Bank
ISBN-10: 9292703382
ISBN-13: 9789292703387
Publisher: Asian Development Bank
Language: English
Published: 09/20/2023
Pages: 174
Format: Paperback
Weight: 1.21lbs
Size: 11.00h x 8.50w x 0.47d