ADB Raises 2017 Growth Forecast for Developing Asia to 5.9%

The Asian Development Bank raises Developing Asia’s 2017 growth forecast to 5.9% from 5.7% in its latest Outlook supplement. Inflation forecast cut to 2.6% from 3%.

  • China 2017 GDP forecast raised to 6.7% from 6.5%; 2018 at 6.4%
    • Inflation cut to 2% from 2.4%; 2018 at 2.6%
  • India 2017 GDP forecast maintained at 7.4%; 2018 at 7.6%
    • Inflation cut to 4% from 5.2%; 2018 at 4.6%
20172017201820182016
RevisedPreviousRevisedPreviousActual
-------------- Annual GDP Growth --------------
Developing Asia5.9%5.7%5.8%5.7%5.8%
 Central Asia3.2%3.1%3.8%3.5%2.1%
  Kazakhstan2.6%2.4%2.9%2.2%1.0%
 East Asia6.0%5.8%5.7%5.6%6.0%
  China6.7%6.5%6.4%6.2%6.7%
  Hong Kong, China2.0%2.0%2.1%2.1%1.9%
  Korea, Rep. of2.7%2.5%2.7%2.7%2.8%
  Taipei, China2.0%1.8%2.2%2.2%1.5%
 South Asia7.0%7.0%7.2%7.2%6.7%
  India7.4%7.4%7.6%7.6%7.1%
 Southeast Asia4.8%4.8%5.0%5.0%4.7%
  Indonesia5.1%5.1%5.3%5.3%5.0%
  Malaysia4.7%4.4%4.6%4.6%4.2%
  Philippines6.5%6.4%6.7%6.6%6.9%
  Singapore2.4%2.2%2.5%2.3%2.0%
  Thailand3.5%3.5%3.6%3.6%3.2%
  Vietnam6.5%6.5%6.7%6.7%6.2%
 The Pacific2.9%2.9%3.3%3.3%2.6%
----------- Annual Inflation Growth -----------
Developing Asia2.6%3.0%3.0%3.2%2.5%
 Central Asia8.1%7.8%7.4%7.3%11.0%
  Kazakhstan8.0%8.0%7.0%7.0%14.6%
 East Asia1.9%2.3%2.4%2.6%1.9%
  China2.0%2.4%2.6%2.8%2.0%
  Hong Kong, China2.0%2.0%2.1%2.1%2.4%
  Korea, Rep. of1.8%1.7%1.8%1.8%1.0%
  Taipei, China1.1%1.3%1.2%1.2%1.4%
 South Asia4.2%5.2%4.7%5.4%4.5%
  India4.0%5.2%4.6%5.4%4.5%
 Southeast Asia3.3%3.3%3.4%3.5%2.1%
  Indonesia4.3%4.3%4.5%4.5%3.5%
  Malaysia4.0%3.3%2.7%2.7%2.1%
  Philippines3.5%3.5%3.7%3.7%1.8%
  Singapore1.1%1.0%1.5%1.5%-0.5%
  Thailand1.2%1.8%1.6%2.0%0.2%
  Vietnam4.0%4.0%5.0%5.0%2.7%
 The Pacific5.4%5.2%5.4%5.4%4.6%

Note 1: Developing Asia refers to 45 members of the Asian Development Bank.

Note 2: Central Asia comprises Armenia, Azerbaijan, Georgia, Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan.

Note 3: East Asia comprises the People’s Republic of China; Hong Kong, China; the Republic of Korea; Mongolia; and Taipei, China.

Note 4: South Asia comprises Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan, and Sri Lanka.

Note 5: Southeast Asia comprises Brunei Darussalam, Cambodia, Indonesia, the Lao People’s Democratic Republic, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Viet Nam.

Note 6: The Pacific comprises the Cook Islands, Fiji, Kiribati, the Marshall Islands, the Federated States of Micronesia, Nauru, Papua New Guinea, Palau, Samoa, Solomon Islands, Timor-Leste, Tonga, Tuvalu, and Vanuatu.

Source: Asian Development Outlook 2017 supplement

    Before it's here, it's on the Bloomberg Terminal.
    LEARN MORE