| ADB Forecasts Developing Asia and the Pacific’s Economy to Grow 4.9% in 2024 |
| Developing economies in Asia and the Pacific are forecast to expand this year as the region continues its resilient growth amid robust domestic demand, according to ADB’s flagship economic report.Policymakers, however, should monitor several risks. Escalating conflicts and geopolitical tensions could disrupt supply chains and amplify commodity price volatility. Uncertainty about US monetary policy, property market stress in the People’s Republic of China, and the effects of adverse weather are other challenges for the region |
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