Photo: AFP/Li Zhihua
Eurasia
19/04/2023 07:00
The ADB forecasts that China's economy will grow 5% this year and 4.5% next year, an improvement over last year's 3% growth but slower than its long-term average, according to Japan Today.
India's economy, meanwhile, is expected to grow at a slower pace of 6.4% this year, it adds. That follows a 9.1% annual pace of expansion in 2021 as it rebounded from the worst of the pandemic, and 6.8% last year. But it's one of the fastest expansions for a major regional economy.
Vietnam, meanwhile, is expected to see 6.5% growth this year, down from 8% last year. That's above the average forecast for Southeast Asia, at 4.7% in 2023 and 5% next year.
