Growth in the region will soften this year and next, with inflation remaining subdued. Trade conflict between the People’s Republic of China and the United States could undermine investment and growth in developing Asia.
Developing Asia’s growth is strong but moderating due to softer global growth and prolonged trade tensions. Growth will be solid in most sub regions in 2019 and 2020 and is picking up in the Pacific.
- People's Republic of China growth forecast: 6.6%, 6.3%, 6.1%
- India growth forecast: 7.0%, 7.2%, 7.3%
Stable food and fuel prices will keep inflation in check.