ADVERTISEMENT
ADB Keeps Developing Asia 2018 GDP Forecast at 6%; 2019 5.8%
ADB Keeps Developing Asia 2018 GDP Forecast at 6%; 2019 5.8%
26 Sep 2018, 12:27 PM IST 
(Bloomberg) -- The Asian Development Bank keeps Developing Asia’s 2018 growth forecast at 6 percent in its latest Asian Development Outlook Update.
- China growth forecast maintained at 6.6% y/y
- South Korea growth forecast cut to 2.9% y/y from 3%
- India growth forecast maintained at 7.3% y/y
- Indonesia growth forecast cut to 5.2% y/y from 5.3%
- Thailand growth forecast raised to 4.5% y/y from 4%
- Malaysia growth forecast cut to 5% y/y from 5.3%
- Philippines growth forecast cut to 6.4% y/y from 6.8%
- "The biggest risk to continued growth comes from the disruption of international production linkages caused by a further escalation of trade tensions, but Asia’s growth should remain resilient to the direct effects of the trade measures taken to date," Yasuyuki Sawada, ADB’s chief economist says
| 2019 | 2019 | 2018 | 2018 | ||
|---|---|---|---|---|---|
| Annual GDP Growth | Revised | Previous | Revised | Previous | 2017 |
| Developing Asia | 5.8% | 5.9% | 6.0% | 6.0% | 6.1% |
| Central Asia | 4.2% | 4.2% | 4.1% | 4.0% | 4.3% |
| Armenia | 4.5% | 4.2% | 5.3% | 4.0% | 7.5% |
| Azerbaijan | 2.0% | 2.0% | 1.7% | 1.7% | 0.1% |
| Georgia | 5.0% | 4.7% | 4.9% | 4.5% | 5.0% |
| Kazakhstan | 3.9% | 3.5% | 3.7% | 3.2% | 4.1% |
| Kyrgyz Republic | 4.0% | 4.0% | 2.5% | 3.5% | 4.6% |
| Tajikistan | 6.5% | 6.5% | 6.0% | 6.0% | 7.1% |
| Turkmenistan | 6.0% | 6.7% | 6.2% | 6.5% | 6.5% |
| Uzbekistan | 5.0% | 5.6% | 4.9% | 5.5% | 5.3% |
| East Asia | 5.7% | 5.8% | 6.0% | 6.0% | 6.3% |
| China | 6.3% | 6.4% | 6.6% | 6.6% | 6.9% |
| Hong Kong, China | 3.0% | 3.0% | 3.7% | 3.2% | 3.8% |
| South Korea | 2.8% | 2.9% | 2.9% | 3.0% | 3.1% |
| Mongolia | 6.1% | 4.3% | 6.4% | 3.8% | 5.3% |
| Taipei, China | 2.8% | 2.8% | 3.0% | 2.9% | 2.9% |
| South Asia | 7.2% | 7.2% | 7.0% | 7.0% | 6.5% |
| Afghanistan | 2.5% | 2.5% | 2.2% | 2.5% | 2.5% |
| Bangladesh | 7.5% | 7.2% | 7.9% | 7.0% | 7.3% |
| Bhutan | 7.1% | 7.4% | 6.7% | 7.1% | 7.5% |
| India | 7.6% | 7.6% | 7.3% | 7.3% | 6.7% |
| Maldives | 6.4% | 6.8% | 6.7% | 6.7% | 6.9% |
| Nepal | 5.5% | 5.5% | 5.9% | 4.9% | 7.4% |
| Pakistan | 4.8% | 5.1% | 5.8% | 5.6% | 5.4% |
| Sri Lanka | 4.5% | 4.8% | 3.8% | 4.2% | 3.1% |
| Southeast Asia | 5.2% | 5.2% | 5.1% | 5.2% | 5.2% |
| Brunei Darussalam | 2.0% | 2.0% | 2.0% | 1.5% | 1.3% |
| Cambodia | 7.0% | 7.0% | 7.0% | 7.0% | 6.9% |
| Indonesia | 5.3% | 5.3% | 5.2% | 5.3% | 5.1% |
| Laos | 6.9% | 7.0% | 6.6% | 6.8% | 6.9% |
| Malaysia | 4.8% | 5.0% | 5.0% | 5.3% | 5.9% |
| Myanmar | 7.0% | 7.2% | 6.6% | 6.8% | 6.8% |
| Philippines | 6.7% | 6.9% | 6.4% | 6.8% | 6.7% |
| Singapore | 2.9% | 2.9% | 3.1% | 3.1% | 3.6% |
| Thailand | 4.3% | 4.1% | 4.5% | 4.0% | 3.9% |
| Vietnam | 6.8% | 6.8% | 6.9% | 7.1% | 6.8% |
| The Pacific | 3.1% | 3.0% | 1.1% | 2.2% | 2.4% |
| Cook Islands | 3.0% | 3.0% | 3.5% | 3.5% | 3.5% |
| Fiji | 3.3% | 3.3% | 3.6% | 3.6% | 3.9% |
| Kiribati | 2.3% | 2.3% | 2.3% | 2.3% | 2.5% |
| Marshall Islands | 2.5% | 2.5% | 2.5% | 2.5% | 3.6% |
| Micronesia | 2.0% | 2.0% | 2.0% | 2.0% | 2.0% |
| Nauru | 0.5% | 0.5% | -3.0% | -4.0% | 4.0% |
| Palau | 1.0% | 3.0% | 1.0% | 3.0% | -3.7% |
| Papua New Guinea | 3.0% | 2.7% | 0.5% | 1.8% | 3.0% |
| Samoa | 2.0% | 2.0% | 0.5% | 0.5% | 2.5% |
| Solomon Islands | 3.0% | 3.0% | 3.2% | 3.0% | 3.2% |
| Timor-Leste | 4.5% | 5.5% | 0.6% | 3.0% | -5.3% |
| Tonga | 1.9% | 1.9% | -0.3% | -0.3% | 2.8% |
| Tuvalu | 3.5% | 3.0% | 3.8% | 3.0% | 3.2% |
| Vanuatu | 3.0% | 3.0% | 3.2% | 3.2% | 3.5% |
Source: Asian Development Outlook 2018 Update
©2018 Bloomberg L.P.
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT