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Al Jazeera
Al Jazeera
Business

Asia set for strong growth after China’s opening, ADB says

China's reopening is expected to boost Asia's economy growth [File: Aly Song/Reuters]

Asia will see strong economic growth this year following China’s scrapping of strict pandemic curbs, the Asian Development Bank (ADB) has said.

Economies in Asia and the Pacific are expected to grow by 4.8 percent in 2023 and 2024, up from 4.2 percent last year, amid rising consumption, tourism and investment, the ADB said in its latest growth outlook released on Tuesday.

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