ADB Predicts Slower Economic Growth in Asia

Economics & Macro

Yosepha Pusparisa 12/02/2020 16:30 WIB

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Economic Growth Forecast for Asian Countries (2020)

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The Asian Development Bank (ADB) predicts that Asia's economic growth will reach 5.5% in 2020, a 0.1% increase. While Asia's economic growth remains moderate, it is holding strong in the face of a global economic slowdown.

The global economic slowdown will continue in 2020, and investment is predicted to weaken. This is due to the ongoing US-China trade war.

Rising food prices are driving inflation. Inflation for this year is projected to remain the same as in 2019, at 2.7%.

Editor : Safrezi Fitra

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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