Asian Development Outlook (ADO) September 2023

Asia and the Pacific is continuing its solid economic recovery thanks to healthy domestic demand, stable financial conditions and a resilient services sector, while inflation in the region is receding.

This update revises slightly down the region's growth forecast for this year to 4.7% on slower expansions in East Asia, South Asia, and Southeast Asia. The growth forecast for 2024 is unchanged at 4.8%. With price pressures in the region remaining in check, the inflation forecast is revised do...