Asian Development Outlook (ADO) September 2024
Publication | September 2024
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This edition shows that growth in Asia and the Pacific remains robust amid strong domestic demand and continued recovery in exports.
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Technology exporters are particularly benefiting from higher global semiconductor sales driven by the artificial intelligence boom. Inflation in the region is expected to ease further, supported by the lagged effects of previous monetary policy tightening and declining global food and energy prices. However, risks loom, including potential increases in protectionism depending on the outcome of the United States presidential election, escalating geopolitical tensions, further weakness in the property market in the People’s Republic of China, and adverse weather and climatic conditions.
- Developing Asia’s economies expected to grow 5.0% in 2024 and 4.9% in 2025 - ADB September 2024
- Inflation in developing Asia will moderate to 2.8 % in 2024 and 2.9% in 2025 - ADB September 2024
- Growth in developing Asia remained strong during the first half of 2024, supported by domestic demand and continued recovery in exports. - ADB September 2024
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Contents
- ADO 2024—Highlights
- Solid Growth as Inflation Eases, Yet Risks Loom
- Letting the Data Speak: Global Spillovers from Data-Dependent Federal Reserve Monetary Policy
- 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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