Updated: April 16, 2023, 07:05 PM IST
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China’s recovery from the epidemic and strong demi… MoreChina’s recovery from the pandemic and strong demand in India will drive strong economic growth in Asia this year, the Asian Development Bank (ADB) said in a report released on Tuesday. The report said developing economies in Asia are on track for faster growth and lower inflation this year and next, even as advanced economies contribute to a darkening global outlook. The ADB said in an update of its regional forecasts released on Tuesday that the group’s 46 member nations across the continent are set to grow at 4.8% in 2023 and 2024, faster than 4.2% last year. Inflation should moderate to 4.2% this year, easing slightly from 4.4% in 2022.