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Apr 11, 2024 - 07:41
By asia.nikkei.com

China to cap 'healthy' developing Asia's growth in 2024, says ADB

MANILA -- The Asian Development Bank projected that growth in developing Asia will slow this year, despite improved domestic demand, owing to headwinds and weaknesses in China's economy.

Developing Asia's gross domestic product is projected to expand 4.9% this year and next, slightly lower than the 5.0% that the ADB currently estimates for last year, according to the bank's new Asian Development Outlook, released on Thursday.

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China to cap 'healthy' developing Asia's growth in 2024, says ADB

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China to cap 'healthy' developing Asia's growth in 2024, says ADB

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