Growth in developing Asia is moderating but remains robust. As global trade slows and investment weakens, regional growth forecasts are trimmed from Asian Development Outlook 2019 by 0.3 percentage points for 2019 and by 0.1 points for 2020 compared to April forecasts. The revisions reflect gloomier prospects for international trade and evidence of slowing growth in the advanced economies and the People's Republic of China, as well as in India and the larger economies in East and Southeast Asia.Inflation remains benign in the region, but pressure is building slightly as food prices rise. Inflation across developing Asia is forecast at 2.7% this year and next, or 0.2 percentage points up from April forecasts.
| ISBN: | 9789292617523 |
| Publication date: | 30th September 2019 |
| Author: | Asian Development Bank |
| Publisher: | Asian Development Bank |
| Format: | Paperback |
| Pagination: | 256 pages |
| Series: | Asian Development Outlook |
| Genres: |
Development studies Economic growth Regional / urban economics |