Asian Development Bank (ADB)’s Post

“Core inflation in the US and EU remains elevated and labor markets remain tight, suggesting interest rates will remain higher than pre-pandemic levels in the in the foreseeable future,” the World Bank said.  The World Bank also aired a warning about the sharp increase in debt in the region, which keeps borrowing costs high and squeezes both consumption and investment. Corporate debt in China and Vietnam has risen by more than 40 percentage points of GDP since 2010 and exceeded the level in advanced economies, it said. Household debt in China, Malaysia and Thailand is also higher than those in other emerging markets. On the external front, increased trade protectionism — mostly wielded by advanced economies — could hurt growth for developing East Asia and the Pacific as it limits access to key markets like the US, South Korea and Japan. Firms receiving subsidies are potential competitors of the region’s firms. Almost 3,000 new trade-distorting measures were imposed in 2023, three times as large as those in 2019, it added. #economygrowth  #interestrate  #marketdevelopment  #businessstrategy #supplychainstrategy

Financial conditions in emerging East Asia have improved since July, leading to declining bond yields, amid moderating inflation and expected interest rate cuts both in advanced economies and the region. Get the latest Asia Bond Monitor for insights on bond market developments in ASEAN+3 economies. Read the first few pages below. Download the full publication here. 👉 https://ow.ly/M46M50To0LK

ADB Asian Development Outlook (ADO) December 2023: Growth Upbeat, Price Pressures Easing [13 December 2023] https://lnkd.in/gbw6vXUc or https://lnkd.in/gxdMEgz3   Developing Asia’s outlook remains upbeat despite global challenges. The 2023 growth forecast is revised up from September’s projection, to 4.9% from 4.7%, on robust domestic demand. The 2024 forecast is maintained at 4.8%.   Healthy domestic demand, strong remittances, and recovering tourism are underpinning economic activity, which continued to expand even as inflation moderated. These drivers offset the drag from a worsening export performance and the lagged effects of monetary policy tightening, and they are expected to continue fostering growth in the region in 2024. Downside risks are mainly associated with higher-for-longer interest rates in advanced economies. Possible supply disruptions from El Niño and the Russian invasion of Ukraine could renew energy and food security challenges and rekindle inflation.

Emerging Asian currencies are set for a modest recovery in 2024 amid sustained elevated interest rates in major economies, China's uneven economic rebound, and potential portfolio inflow fluctuations, HSBC analysts said. Despite an uptick in emerging Asian currencies since December on expectations of a potential rate cut by the U.S. Federal Reserve as early as March, optimism has waned in the New Year as traders re-calibrated their bets. More deets in the story. Read?

Asian Development Bank (ADB) released the Asian Development Outlook 2024 report. Highlights: - Developing Asia’s economies expected to grow 4.9% in 2024 and 2025 - Inflation in developing Asia is forecasted to moderate to 3.2% in 2024 and 3.0% in 2025 - However, several risks exists such as escalating conflicts and geopolitical tensions, uncertainty surrounding US monetary policy, potential further weakness in the property market in China, and extreme weather events - Policymakers should intensify efforts to bolster resilience by fostering trade, cross-border investment, and commodity supply networks. #development #Asia #growth

Developing economies in Asia and the Pacific are projected to grow through 2024 and 2025, with inflation moderating.     However, policymakers still need to pay attention to risks that could affect the outlook—from uncertainty related to U.S. election outcomes, interest rate decisions, property market fragility in the People’s Republic of China, adverse weather conditions, and geopolitical tensions.    🔗 What Could Derail Asia’s Solid Growth Outlook? https://lnkd.in/gwdNF8Uc    🔗#ADO2024 report   https://lnkd.in/g2DrEFAE 

IMF Ups Asia Growth Forecast on China, India The International Monetary Fund (IMF) has revised its growth forecast for Asia upwards, citing a more optimistic outlook for the region's major economies, particularly China and India. News: https://goo.su/pC6x International Monetary Fund Krishna Srinivasan, Director of the IMF's Asia and Pacific department #globaleconomy #growthforecast #grossdomesticproduct #FederalReserves #sustainablegrowth

IMF boosts Asia growth forecast this year on China, India Full Article Link >>> https://lnkd.in/g3pw2q5a The International Monetary Fund boosted its growth forecast for Asia this year, reflecting a rosier outlook for the region’s two largest economies and flagging a possible upward revision in its outlook for China.Asia is set to expand 4.5% in 2024 from the prior year, 0.3 percentage points higher than the October regional outlook but a […] . . Latest IND . . . . #trendingnews #newstrending #trendingtopicnews #lifestyle #business #news #healthylifestyle #smallbusiness #supportsmallbusiness #lifestyleblogger #luxurylifestyle #businessowner #businesswoman #smallbusinessowner #businessnews

IMF boosts Asia growth forecast this year on China, India Full Article Link >>> https://lnkd.in/gQzfky-U The International Monetary Fund boosted its growth forecast for Asia this year, reflecting a rosier outlook for the region’s two largest economies and flagging a possible upward revision in its outlook for China.Asia is set to expand 4.5% in 2024 from the prior year, 0.3 percentage points higher than the October regional outlook but a […] . . Latest IND . . . . #trendingnews #newstrending #trendingtopicnews #lifestyle #business #news #healthylifestyle #smallbusiness #supportsmallbusiness #lifestyleblogger #luxurylifestyle #businessowner #businesswoman #smallbusinessowner #businessnews

ABrighter Research is thrilled to present our latest analysis of the Vietnam economic landscape, providing valuable insights into the region's macroeconomic trends for the latter part of 2024. Key Finding: 1. ASEAN is on track for a growth acceleration to 4.5% in 2024, led by strong export recovery and robust domestic demand. 2. Central banks across the region are adopting a cautious approach due to external financial uncertainties, maintaining a neutral stance on policy rates. 3. Rising global trade tensions, particularly between the US and China, present significant risks to ASEAN’s export stability and overall economic growth. 4. Vietnam is expected to see a 6.1% GDP growth, fueled by enhanced domestic demand, strategic government policies, and a surge in exports and FDI. For a deeper dive into these insights, you can download full report https://lnkd.in/efRFqXnA