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Al Jazeera
Al Jazeera
World

Asia set for strong growth despite Ukraine risks: ADB

ADB Asia Ukraine Asian Development Bank
The Asian Development Bank expects developing economies in the region to grow 5.2 percent in 2022 and 5.3 percent in 2023 [File: Cheryl Ravelo /Reuters]

Asia’s developing economies are expected to grow 5.2 percent in 2022 and 5.3 percent in 2023 on the back of a strong recovery in domestic demand and exports, the Asian Development Bank said on Wednesday.

By subregion, East Asia, South Asia and Southeast Asia are all expected to return to pre-pandemic rates of economic growth.

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