Key Points
New Delhi: According to the Asian Development Outlook 2024 report by the Asian Development Bank, the growth rate of developing Asia in 2024 is expected to remain positive, despite uncertain external conditions...
This is because the end of interest rate hikes in most economies, as well as a steady recovery in global commodity prices, are supporting the regions positive outlook, it said.. India is predicted to emerge as a major economic engine in Asia, driven by investment-driven growth, it added...
The Asian Development Outlook 2024 report suggests that policymakers in the region should monitor a number of risks..
Other concerns include uncertainty about the future of the US monetary policy, property market stress in the PRC, and the effects of adverse weather.vTo address these risks, policymakers are urged to enhance trade, cross-border investment, and commodity supply networks...
The Asian Development Outlook 2024 report also highlights the importance of addressing the digital divide in the region..
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