The Asian Development Bank (ADB) has maintained its gross domestic product (GDP) growth forecasts for China at 4.8 percent for 2024 and 4.5 percent for 2025, according to its latest economic outlook released on Wednesday.
Similarly, the ADB kept its growth outlook for developing Asia unchanged at 5 percent in 2024 and 4.9 percent in 2025. The consistent forecasts indicate that the ADB expects steady economic performance in China and across the region over the next two years.
The ADB’s latest outlook provides important guidance for businesses, investors, and policymakers interested in the economic trajectories of China and developing Asian economies. The steadfast growth projections may influence strategic planning and investment decisions in the region.
As China continues to play a significant role in the global economy, the maintained growth forecasts could be seen as a positive sign for international markets. The developing Asia region’s sustained growth outlook also highlights its ongoing contribution to global economic development.
Reference(s):
cgtn.com
