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The Independent UK
The Independent UK
National
Elaine Kurtenbach

ADB forecasts China, India to power strong growth in '23

ADB China India Asia the Asian Development Bank Albert Park Oil Economic Growth Pandemic
Copyright 2023 The Associated Press. All rights reserved

China’s recovery from the pandemic and strong demand in India will drive strong economic growth in Asia this year, the Asian Development Bank said in a report issued Tuesday.

The Manila, Philippines-based ADB’s latest update forecasts an expansion of 4.8% in this year and the next, up from 4.2% in 2022. It said inflation would likely cool slightly this year and fall further in 2024.

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