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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.
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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.
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East Asia taps the brakes. Growth slowed to 6.0% in 2015 and is forecast to decline further to 5.7% in 2016.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Philippine economy stays strong. Growth is predicted to rise from 5.8% in 2015 to 6% in 2016 and 6.1% in 2017.
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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.
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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.
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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.
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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.
ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty.
Established in 1966, it is owned by 68 members—49 from the region.
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ADB supports projects in developing member countries that create economic and development impact, delivered through both public and private sector operations, advisory services, and knowledge support.
Asian Development Outlook 2016 – Fast Data
Article | 01 April 2016 Read time: 2 mins
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