The economic growth outlook for developing…
The economic growth outlook for developing Asia remains vibrant. AsianDevelopment Outlook 2018 foresees continued momentum after growth accelerated to 6.1% in 2017. The region is expected to expand by 6.0% in
2018 and 5.9% in 2019. Excluding Asia’s high-income newly industrialized economies, the prospects for growth are even higher, at 6.5% in 2018 and 6.4% in 2019. Traction for economic expansion will come from strong external demand, which is supported by a further pickup in growth this year in the major industrial economies, and robust domestic demand. Growth in the People’sRepublic of China is seen to continue its gradual moderation, to 6.6% this year and 6.4% next, as the authorities take actions to address financial risks, while India recovers from a temporary growth setback in2017, rebounding to 7.3% in 2018 and 7.6% in 2019.
|Publisher||Asian Development Bank|
|Modified||11 February 2022|
|Release Date||19 July 2021|
|Spatial / Geographical Coverage Location||Papua New Guinea|
|Relevant Countries||Papua New Guinea|