Asian Development Outlook (ADO) September 2023 - Softcover

Asian Development Bank

Softcover

ISBN 10: 9292703382 ISBN 13: 9789292703387

Publisher: Asian Development Bank, 2023

Synopsis

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.

Edition details

• Publisher: Asian Development Bank
• Publication date: 2023
• Language: English
• ISBN 10: 9292703382
• ISBN 13: 9789292703387
• Binding: Paperback
• Number of pages: 174