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Asian Development Outlook (Ado) September 2023
by Asian Development Outlook (Ado) September 2023
$40.99
Description
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.
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.
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Product Details
- Asian Development Bank Brand
- Nov 20, 2023 Pub Date:
- 9789292703387 ISBN-13:
- 9292703382 ISBN-10:
- English Language
- 11 in * 0.47 in * 8.5 in Dimensions:
- 1 lb Weight:
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