Business news from Ukraine

Business news from Ukraine

Asian Development Bank has slightly lowered its GDP growth forecast for developing Asian countries

28 July , 2025  

The Asian Development Bank (ADB) has lowered its economic growth forecast for developing countries in the Asia-Pacific region in 2025 to 4.7% from the 4.9% expected in April.

The GDP growth estimate for next year has been lowered to 4.6% from 4.7%.

“The downward revision reflects expectations of weaker exports amid higher US import tariffs and global trade uncertainty, as well as weaker domestic demand,” the ADB said in a report.

The outlook for the Asia-Pacific region could be further undermined by escalating US tariffs and trade tensions, experts say. Other risks include conflicts and geopolitical tensions that could disrupt global supply chains and lead to higher energy prices, as well as a more serious than expected deterioration in China’s real estate market.

“The economic outlook has deteriorated amid rising risks and global uncertainty,” said Albert Park, chief economist at the ADB. “Economies in the region should continue to strengthen their fundamentals and promote open trade and regional integration to support investment, employment, and growth.”

Inflation in developing Asia-Pacific countries is projected to continue slowing amid lower oil prices and high agricultural production, which will ease pressure on food prices. The ADB forecasts inflation at 2% this year and 2.1% in 2026, compared with April estimates of 2.3% and 2.2%, respectively.

The bank’s analysts still expect China’s GDP to grow by 4.7% in 2025 and 4.3% next year. Inflation this year is expected to be 0.2% (in April it was predicted to be 0.4%), and in 2026 – 0.4% (0.7%).

South Korea’s economy will grow by 0.8% this year, while previously a 1.5% increase was expected. The growth estimate for 2026 has been lowered to 1.6% from 1.9%.

India’s GDP is forecast to grow by 6.5% this year and 6.7% next year. The previous forecast predicted growth of 6.7% and 6.8%, respectively.

The ADB still expects Indonesia’s economy to grow by 5% in 2025 and 5.1% in 2026.

The ADB was established in 1966. Its shareholders are 69 countries, 49 of which are located in the Asian region.

The bank considers 46 of these countries to be developing Asian countries.

Source: http://relocation.com.ua/aziatskyy-bank-rozvytku-zlehka-pohirshyv-prohnoz-zrostannia-vvp-krain-azii-shcho-rozvyvaiutsia/

 

, ,