Transcript
Economic growth in developing Asia continues to be resilient.
Following the rise in inflation in 2021 and 2022, inflation has declined in 2023 and into 2024.
Growth is being driven by robust domestic demand, improving semiconductor exports, and continued recovery in tourism.
ADB forecasts 4.9% growth for developing Asia this year and next year.
Stronger growth in South and Southeast Asia will offset slower growth in other subregions.
Growth in the People’s Republic of China (PRC) is forecast to slow down to 4.8% this year and 4.5% next year amid continued property market…