Asian Development Outlook 2016 – Fast Data | Asian Development Bank

Asian Development Outlook 2016 – Fast Data

Article | 1 April 2016
  1. Steady growth in Asia: Developing countries in the region are projected to grow at 5.7% in both 2016 and 2017, down slightly from 5.9% in 2015.

  2. Higher prices in Asia: Regional inflation dropped to 2.2% in 2015 but should increase to 2.5% in 2016 and 2.7% in 2017.

  3. East Asia taps the brakes. Growth slowed to 6.0% in 2015 and is forecast to decline further to 5.7% in 2016.

  4. Inflation climbing in East Asia. Inflation fell to 1.3% in 2015 but should rise to 1.6% in 2016 and 2.0% in 2017.

  5. Chinese economic growth moderating. In the People’s Republic of China, growth is expected to drop from 6.9% in 2015 to 6.5% in 2016 and 6.3% in 2017.

  6. Booming South Asia. Growth in South Asia accelerated to 7.0% in 2015 and is predicted to increase further to 7.3% in 2017 after dipping to 6.9% in 2016.

  7. Price hikes in South Asia. Inflation fell to 5.0% in 2015 but should increase to 5.2% in 2016 and 5.7% in 2017.

  8. Indian growth stays steady. India’s growth is expected to drop marginally from 7.7% in 2015 to 7.4% in 2016 and then pick up to 7.8% in 2017 as investment revives.

  9. Southeast Asia on the uptick. Growth dropped to 4.4% in 2015, but is forecast to pick up to 4.5% in 2016 and 4.8% in 2017.

  10. Fluctuating inflation in Southeast Asia: Inflation rate eased to 2.7% in 2015 and should drop further to 2.6% in 2016 and then increase to 2.9% in 2017.

  11. Philippine economy stays strong. Growth is predicted to rise from 5.8% in 2015 to 6% in 2016 and 6.1% in 2017.

  12. Central Asia’s growth plummets. Economic expansion fell to 2.9% in 2015 from 5.3% a year earlier. It is expected to slow further in 2016 to 2.1% but recover slightly to 2.8% in 2017.

  13. A price spike in Central Asia: Inflation rose to 6.2% in 2015 and is forecast to rise to 10.8% in 2016 but drop to 5.9% in 2017.

  14. Tumbling growth in the Pacific: Economic expansion held strong at 7.0% in 2015 but is expected to fall to 3.8% in 2016 and further to 3.1% in 2017.

  15. Choppy waters in the Pacific: Inflation remained steady at 3.4% in 2015 and is expected to rise slightly to 4.5% in 2016 and 4.7% in 2017.