日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

ADB upgrades developing Asia's growth prospects on stronger-than-expected exports, domestic consumption

Xinhua | Updated: 2017-12-13 13:24
Share
Share - WeChat

MANILA — The Asian Development Bank (ADB) upgraded on Wednesday its gross domestic product (GDP) forecast in developing Asia, saying that economic expansion in the region will accelerate to 6 percent in 2017 as stronger-than-expected exports and domestic consumption fuel growth.

Excluding Asia's newly industrialized economies, a new ADB report says growth is expected at 6.5 percent this year.

In a supplement to its Asian Development Outlook Update 2017 report, ADB upgrades its 2017 GDP outlook in the region by 0.1 percentage points compared to its September 2017 forecast, while its 2018 forecast remains unchanged at 5.8 percent.

An unexpectedly strong expansion in Central, East, and Southeast Asia has offset a downward adjustment in South Asia, the report says.

"Developing Asia's growth momentum, supported by recovering exports, demonstrates that openness to trade remains an essential component of inclusive economic development," said Yasuyuki Sawada, ADB's chief economist.

Sawada said, "Countries can further take advantage of the global recovery by investing in human capital and physical infrastructure that will help sustain growth over the long-term."

The report says combined growth for the major industrial economies is revised upward to 2.2 percent for 2017 and 2 percent for 2018, due to robust domestic demand in the euro area, and in Japan due to private investment and net exports.

Growth projections for the United States remain unchanged at 2.2 percent in 2017 and 2.4 percent in 2018, according to the report.

By subregion, the report says growth for East Asia is revised upward to 6.2 percent in 2017, from 6 percent, while 2018 projections of 5.8 percent are unchanged.

Growth prospects in China, the world's second largest economy, are revised up on resilient consumption. China's economy is expected to expand by 6.8 percent in 2017 and 6.4 percent in 2018.

The report says South Asia will remain the fastest growing of all subregions in Asia and the Pacific, despite a downward revision from previous projections from 6.7 percent to 6.5 percent in 2017, and is expected to pick up to 7 percent in 2018. GDP growth in India, the subregion's largest economy, is revised down to 6.7 percent in 2017 and 7.3 percent in 2018.

Although the strong manufacturing expansion helped the economy reverse five consecutive quarters of deceleration in the second quarter of fiscal year 2017, it says the recovery is more subdued than assumed earlier due to rising crude oil prices, soft private investment growth, and weather-related risks to agriculture.

The report says growth for Southeast Asia is picking up faster than earlier forecast with GDP set to expand by 5.2 percent in 2017 and 2018, compared to September 2017 forecasts of 5 percent and 5.1 percent.

It says the subregion is benefiting from stronger investments and exports, with accelerating growth for Brunei, Malaysia, the Philippines, Singapore, and Thailand, adding that infrastructure investment continued to play an important role in Indonesia, the Philippines and Thailand.

Robust domestic demand, particularly private consumption and investment, will continue to support growth in the subregion, according to the report.

The outlook for Central Asia this year has further improved as stronger domestic demand and exports in some countries have fueled recovery in the subregion. Growth is expected to reach 3.6 percent in 2017 compared to the 3.3 percent originally projected. The 2018 forecasts for Central Asia are unchanged at 3.9 percent.

The report says that growth in the Pacific is expected to remain at 2.9 percent in 2017 and 3.2 percent in 2018 with Papua New Guinea, the subregion's largest economy, continuing its gradual recovery due to rebounding mining and agriculture industries.

Post-disaster reconstruction and tourism are expected to drive growth further in the subregion, particularly in Fiji and Vanuatu, the report says.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 91社区影院 | 成人精品在线观看 | 国产91精品一区二区 | 中国av在线| 精品国产九九 | 欧美成人午夜 | 色婷婷网 | 蜜桃av一区二区三区 | 老汉色影院 | 国产精品久久久久久久一区探花 | 欧美性猛交一区二区三区精品 | 午夜免费看片 | 欧美一区二区三区四区夜夜大片 | 国产成人综合在线观看网站 | 日韩福利视频一区 | 那格格 | 亚洲激情一区二区 | 国产高清卡一卡新区 | 欧美在线视频一区二区三区 | 国产精品在线观看 | 成年做羞羞免费观看视频网站 | 亚洲高清资源 | 一区高清| 一级毛片免费 | 在线成人免费观看视频 | 天天综合亚洲 | 无码AV免费一区二区三区A片 | 欧美成人伊人十综合色 | 99久久久国产精品免费99 | 久久vs国产综合色大全 | 欧美激情二区三区 | 中文字幕一区在线观看视频 | 在线一级片 | 日韩欧美二区 | 国产精品不卡一区 | 69pao强力打造免费高清 | 国产一区二区三区免费观看 | 日韩在线观看中文字幕 | 操一操日一日 | 精品久久亚洲 | 亚洲成人网页 |