Sustainable trade
Asian Development Outlook 2019 supplement: Growth slows further in developing Asia’s giants
Published 01 December 2019 | 1 minute read
This supplement projects growth in developing Asia of 5.2% in both 2019 and 2020, having revised forecasts down given the challenging global environment.
Excluding newly industrialized economies, regional growth forecasts are revised down to 5.7% for both 2019 and 2020. Regional inflation projections are revised up to 2.8% for 2019 and 3.1% for 2020 as African swine fever continues to elevate pork prices. Elusive trade conflict resolution weighs on sentiment and activity in the region, with further delay still the foremost downside risk to the forecasts.
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Author
Asian Development Bank
Asian Development Bank (ADB) is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members – 49 from the region.
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