World Bank Upgrades Growth Forecast For Fastest-Expanding Region
- South Asia’s economy to expand 6.4% in 2024, up from 6%
- Growth forecasts for Bangladesh and Maldives were lowered
A wholesale market in New Delhi, India.
Photographer: Anindito Mukherjee/BloombergThis article is for subscribers only.
The World Bank raised its economic growth forecast for South Asia for this year, citing stronger domestic demand in India and faster recoveries elsewhere in the region.
South Asia’s economy will expand 6.4% in 2024, keeping it on track to be the world’s fastest-growing region, the World Bank said in a report Thursday. That’s up from 6% forecast in April. Growth is expected to reach 6.2% in each of the coming two years, according to the report.