ADB forecasts the economy “Developing countries” in Asia grow only 4.3% this year.

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jiraporn66
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Asian Development Bank estimates The economies of developing countries in the region It is likely to grow only 4.3% this year.

Xinhua news agency reported from Manila. Philippines on Sept. 22 that the report analyzesSLOTXOeconomic trends in Asia for the year 2022, the latest update. The Asian Development Bank (ADB) lowered its forecast for Asia and the Pacific region's economic growth this year to 4.3 percent and next year to 4.9 percent due to a variety of external challenges. which affects the whole region


Even domestic consumer spending and investment are driving growth. while countries in the region continued to recover sequentially. from the pandemic crisis of COVID-19 This is partly due to the declining vaccination plans and the number of deaths from the disease.

However, the conflict between Russia and Ukraine, which has been going on for more than half a year. As a result, all parties are faced with increasing uncertainty. The supply disruption worsened. and the energy and food markets are unstable. and the European Central Bank (ECB) are affecting global demand. and shake the financial markets

ADB Chief Economist Albert Park said developing Asia continued to recover. But there are many risks. It is therefore requested to the governments of developing countries. Please remain vigilant against these risks. and take necessary measures to control inflation by does not affect economic growth

The ADB raised its inflation forecast for developing Asia for this year from 3.7% to 4.5%, while its inflation forecasts for next year were similar.
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