Asian Development Outlook 2019: Strengthening Disaster Resilience
The annual Asian Development Outlook, published by Asian Development Bank, analyzes economic performance in the past year and forecasts performance in the next 2 years for the 45 economies in Asia and Pacific that make up developing Asia.
Despite increasing headwinds, developing Asia posted strong growth in 2018, albeit moderating from 2017. Growth in the region is projected to soften to 5.7% in 2019 and 5.6% in 2020. Excluding Asia’s high-income newly industrialized economies, growth is expected to slip from 6.4% in 2018 to 6.2% in 2019 and 6.1% in 2020. As oil prices rose and Asian currencies depreciated, inflation edged up last year but remained low by historical standards. In light of stable commodity prices, inflation is anticipated to remain subdued at 2.5% in both 2019 and 2020.
Source: Asian Development Bank