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2024-09-25 11:53:57
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feeds.abcnews.com on Nostr: Summary of Asian Development Bank raises growth forecast for region, but warns of ...

Summary of Asian Development Bank raises growth forecast for region, but warns of risks from trade sanctions
Asian Development Bank raises growth forecast for region, but warns of risks from trade sanctions


The Asian Development Bank says it expects developing economies in the region to grow at a 5% annual pace this year, up slightly from its earlier estimate of 4.9% growth

https://abcnews.go.com/International/wireStory/asian-development-bank-raises-growth-forecast-region-warns-114067824

The Asian Development Bank forecasts a 5.0% annual growth rate for developing economies in Asia, driven by a strong US economy and surging demand for computer chips. The report notes positive trends, including a rebound in exports of computer chips and other advanced electronics, and moderating energy and food prices. However, the report warns of potential threats from protectionist measures, such as higher tariffs on Chinese exports, and uncertainty surrounding the US presidential election.
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