Asian Development Outlook (Ado) September 2023

By Asian Development Bank

Asia and the Pacific is continuing its solid economic recovery thanks to healthy domestic demand, stable financial conditions and a resilient services sector, while inflation in the region is receding.

This update revises slightly down the region's growth forecast for this year to 4.7% on slower expansions in East Asia, South Asia, and Southeast Asia. The growth forecast for 2024 is unchanged at 4.8%. With price pressures in the region remaining in check, the inflation forecast is revised down to 3.6% for 2023 but is revised up slightly to 3.5% for 2024. Importantly, headline and core inflation seem to have peaked for the region, but there is some variation across economies.

• Format: Paperback
• Language: English
• ISBN: 9292703382
• ISBN13: 9789292703387
• Release Date: November 2023
• Publisher: Asian Development Bank
• Length: 174 Pages
• Weight: 1.21 lbs.
• Dimensions: 0.5" x 8.5" x 11.0"