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Asian Development Outlook (Ado) 2019 Update: Fostering Growth and Inclusion in Asia's Cities by Asian Development Bank

Asian Development Outlook (Ado) 2019 Update: Fostering Growth and Inclusion in Asia's Cities

by Asian Development Bank
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Book cover type: Paperback
  • ISBN13: 9789292617523
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Asian Development Bank
  • Publisher Imprint: Asian Development Bank
  • Publication Date:
  • Pages: 256
  • Original Price: USD 35.0
  • Language: English
  • Edition: N/A
  • Item Weight: 812 grams
  • BISAC Subject(s): Development / Economic Development

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.

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