ADB Raises Developing Asia and the Pacific's Economic Growth Forecast for 2024
Our latest update of the Asian Development Outlook has slightly raised its economic growth forecast for developing Asia and the Pacific this year to 5.0% from a previous projection of 4.9%, while the 2025 projection is maintained at 4.9%.
Headline inflation is now forecast to ease further from 3.3% last year to 2.9% this year, stabilizing at 3.0% in 2025.
Interest rates in the United States and other advanced economies continue to shape the outlook, which is subject to several downside risks.
Uncertainty on the US election, geopolitical tensions and trade fragmentation, property market fragility in the People’s Republic of China, and weather-related events could hurt growth. Visit our website to read more.
TRANSPORT | SOUTH ASIA
ADB Approves Support to Improve Urban Mobility in India
We have approved a loan to improve transport connectivity within and to Nagpur’s new and growing urban areas.
The project will provide an efficient, safe, and environment-friendly public transport to ease commuters’ travel, making the city more livable for all and enhancing access to basic services.
BLOG OF THE WEEK | ECONOMICS
What Could Derail Asia’s Solid Growth Outlook?
Developing economies in Asia and the Pacific are projected to grow through 2024 and 2025, with inflation moderating.
Our recent blog discusses how uncertainty about the outcome of the United States election, geopolitical tensions, property market fragility in the People’s Republic of China, and adverse weather conditions, could worsen the outlook for the region.
VIDEO OF THE WEEK | CLIMATE CHANGE
Coastal Protection in Binh Thuan, Viet Nam
Erosion of Viet Nam’s coast is a major challenge due to climate change. A new project aims to protect beaches using gray infrastructure and green solutions.
PUBLICATION OF THE WEEK | CLIMATE CHANGE
Unleashing the Potential of National Development Banks to Finance a Green and Just Transition
This publication explores how green investment banks can mobilize private sector capital and provide affordable long-term financing to help developing countries close the climate investment gap and support a green and just transition.
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3moMy family loves Chinese food… granted, when I lived up north in NJ and PA… when I would go to Chinatown in New York… the variation of food from their to what my wife orders in Tallahassee… variations. Really wonderful people. I was lucky enough to take a course in Chinese History in college; a drop in the bucket as far as cultural contexts. I was an American Studies major… Asian culture is an integral part of the US…. I know enough, to know the food in China isn’t just from what we eat in Tally or New York or the east coast or west side of china… It’s also true, I know enough to appreciate the map of the world which china is in the middle…. There are a lot of humans in the world… a lot of stories, many not for me to tell… none of us exist in vacuum.
Urban and Preservation Planner,PhD.
3moInsightful!
Senior Implementation Consultant
3moInsightful!
PhD in Sustainability/MEc/M.Fin & Banking/MIntSt.
3moDo we have a link to the report ?