The region's developing economies are forecast to grow 4.7% this year, a slight downward revision from a previous projection of 4.8%, according to ADB's latest Asian Development Outlook. The growth forecast for next year is maintained at 4.8%.
In Focus News and Events
Emerging Trends in Social Protection in Asia and the Pacific
ADB is helping its developing member countries enhance resilience to shocks, improve skills for the labor market, and integrate climate resilience in all its social protection policies.
ADB is hosting the Asia-Pacific Social Protection Week 2023 on the theme Social Protection in a Changing World and has also published a brief showing how the graduation approach can be successfully integrated into sustainable livelihood programs.
Data and Statistics ADB's Data and Statistics
Data and statistical analysis in the Asia and Pacific region contributes to knowledge generation in ADB, helping strengthen its institutional priorities and operational effectiveness in its developing member countries.
Asian Development Outlook September 2023
Robust domestic demand is continuing to support developing Asia’s growth. The reopening of the People’s Republic of China, rebounding tourism, resilient service sectors, healthy money transfers into the region, and stable financial conditions are all helping support economic activity.
Inflation in developing Asia is forecast to decline from 4.4% last year to 3.6% in 2023 and 3.5% in 2024. Price pressures, however, remain strong and core inflation is high in the Caucasus and Central Asia and in South Asia, most notably in Pakistan.
The ADB Data Library is the central store for all of ADB's public data. Browse data, view visualizations and interact with APIs.
KIDB is ADB's central statistical database for macroeconomic and social indicators from across Asia and the Pacific.
AsianBondsOnline is a one-stop source of information on bond markets in emerging East Asia.