Asian Development Outlook (ADO) April 2024
Publication | April 2024
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Growth in developing Asia and the Pacific is expected to remain resilient, propelled by strong domestic demand, improving semiconductor exports, and the ongoing recovery in tourism.
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Regional inflation will moderate further, as global food and fuel prices stabilize. However, several risks warrant attention. Escalating conflicts and geopolitical tensions may disrupt supply chains and impact commodity prices. Uncertainty surrounding US monetary policy, potential further weakness in the property market in the People’s Republic of China, and extreme weather events could present challenges for the region. Policymakers should intensify efforts to bolster resilience by fostering trade, cross-border investment, and commodity supply networks.
- Developing Asia’s economies expected to grow 4.9% in 2024 and 2025 - ADB April 2024
- Inflation in developing Asia will moderate to 3.2% in 2024 and 3.0% in 2025 - ADB April 2024
- Developing Asia’s economies are reopening with impressive dynamism as private consumption, investment, and services are reviving - ADB April 2024
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Contents
- ADO 2024—Highlights
- Robust Growth amid Uncertain External Prospects
- Growth Momentum Continues as Inflation Eases
- Regional Outlook Remains Resilient Even with Growth Decelerating in the PRC
- Several Downside Risks Could Weigh on the Regional Outlook
- Special Topic: Asia’s Rebounding Semiconductor Sector and the Role of Artificial Intelligence
- Annex: Global Growth Slows Slightly as Inflation Tamed
- Economic Trends and Prospects in Developing Asia
- Caucasus and Central Asia
- East Asia
- South Asia
- Southeast Asia
- The Pacific
- Statistical Appendix
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