ADB Keeps 2018 Growth Forecast for Developing Asia at 6%
ADB Keeps 2018 Growth Forecast for Developing Asia at 6%
(Bloomberg) -- The Asian Development Bank maintains Developing Asia’s 2018 growth forecast at 6 percent in its latest Outlook supplement. Inflation forecast cut to 2.8% from 2.9%.
- China 2018 GDP forecast maintained at 6.6%; 2019 at 6.4%
- Inflation cut to 2.2% from 2.4%; 2019 at 2.1%
- India 2018 GDP forecast maintained at 7.3%; 2019 at 7.6%
- Inflation raised to 5% from 4.6%; 2019 at 5%
| 2018 | 2018 | 2019 | 2019 | 2017 | |
|---|---|---|---|---|---|
| Revised | Previous | Revised | Previous | Actual | |
| Annual GDP Growth | |||||
| Developing Asia | 6.0% | 6.0% | 5.9% | 5.9% | 6.1% |
| Central Asia | 4.2% | 4.0% | 4.3% | 4.2% | 4.3% |
| Kazakhstan | 3.7% | 3.2% | 3.9% | 3.5% | 4.0% |
| East Asia | 6.0% | 6.0% | 5.8% | 5.8% | 6.3% |
| China | 6.6% | 6.6% | 6.4% | 6.4% | 6.9% |
| Hong Kong, China | 4.0% | 3.2% | 3.0% | 3.0% | 3.8% |
| Korea, Rep. of | 3.0% | 3.0% | 2.9% | 2.9% | 3.1% |
| Taipei, China | 3.0% | 2.9% | 2.8% | 2.8% | 2.9% |
| South Asia | 7.0% | 7.0% | 7.2% | 7.2% | 6.5% |
| India | 7.3% | 7.3% | 7.6% | 7.6% | 6.7% |
| Southeast Asia | 5.2% | 5.2% | 5.2% | 5.2% | 5.2% |
| Indonesia | 5.2% | 5.3% | 5.3% | 5.3% | 5.1% |
| Malaysia | 5.3% | 5.3% | 5.0% | 5.0% | 5.9% |
| Philippines | 6.8% | 6.8% | 6.9% | 6.9% | 6.7% |
| Singapore | 3.1% | 3.1% | 2.9% | 2.9% | 3.6% |
| Thailand | 4.2% | 4.0% | 4.1% | 4.1% | 3.9% |
| Vietnam | 7.1% | 7.1% | 6.8% | 6.8% | 6.8% |
| The Pacific | 2.2% | 2.2% | 3.0% | 3.0% | 2.2% |
| Annual Inflation Growth | |||||
| Developing Asia | 2.8% | 2.9% | 2.7% | 2.9% | 2.2% |
| Central Asia | 8.7% | 8.5% | 8.1% | 7.9% | 9.2% |
| Kazakhstan | 7.0% | 6.8% | 6.5% | 6.2% | 7.4% |
| East Asia | 2.1% | 2.3% | 2.1% | 2.2% | 1.6% |
| China | 2.2% | 2.4% | 2.1% | 2.3% | 1.6% |
| Hong Kong, China | 2.3% | 2.2% | 2.2% | 2.1% | 1.5% |
| Korea, Rep. of | 1.9% | 1.9% | 2.0% | 2.0% | 1.9% |
| Taipei, China | 1.2% | 1.1% | 1.3% | 1.1% | 0.6% |
| South Asia | 5.0% | 4.7% | 5.1% | 5.1% | 4.0% |
| India | 5.0% | 4.6% | 5.0% | 5.0% | 3.7% |
| Southeast Asia | 2.9% | 3.0% | 2.9% | 3.0% | 2.8% |
| Indonesia | 3.6% | 3.8% | 3.7% | 4.0% | 3.8% |
| Malaysia | 2.5% | 2.6% | 1.8% | 1.8% | 3.8% |
| Philippines | 4.3% | 4.0% | 3.9% | 3.9% | 2.9% |
| Singapore | 0.9% | 0.9% | 1.4% | 1.4% | 0.6% |
| Thailand | 1.3% | 1.2% | 1.4% | 1.3% | 0.7% |
| Vietnam | 3.7% | 3.7% | 4.0% | 4.0% | 3.5% |
| The Pacific | 4.2% | 4.1% | 3.9% | 3.9% | 3.8% |
Note 1: Developing Asia refers to 45 members of the Asian Development Bank.
Note 2: Central Asia comprises Armenia, Azerbaijan, Georgia, Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan.
Note 3: East Asia comprises the People’s Republic of China; Hong Kong, China; the Republic of Korea; Mongolia; and Taipei, China.
Note 4: South Asia comprises Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan, and Sri Lanka.
Note 5: Southeast Asia comprises Brunei Darussalam, Cambodia, Indonesia, the Lao People’s Democratic Republic, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Viet Nam.
Note 6: The Pacific comprises the Cook Islands, Fiji, Kiribati, the Marshall Islands, the Federated States of Micronesia, Nauru, Papua New Guinea, Palau, Samoa, Solomon Islands, Timor-Leste, Tonga, Tuvalu, and Vanuatu.
Source: Asian Development Outlook 2018 supplement
©2018 Bloomberg L.P.