{"id":7374,"date":"2011-10-07T23:36:22","date_gmt":"2011-10-07T21:36:22","guid":{"rendered":"https:\/\/gbp-international.com\/?p=7374"},"modified":"2011-10-07T23:36:22","modified_gmt":"2011-10-07T21:36:22","slug":"asia-economics","status":"publish","type":"post","link":"https:\/\/perfectoholic.pro\/gbp\/asia-economics\/","title":{"rendered":"Asia Economics"},"content":{"rendered":"<p><span class=\"\">The outlook for Asia&#8217;s economies is mixed in May 2023. Here are some key points from the various sources:<\/span><\/p>\n<ul class=\"list-disc list-outside\">\n<li>The IMF predicted growth for Asia and the Pacific at 4% this year and 4.3% in 2023, with both below the 5.5% average over the last two decades<\/li>\n<li>The World Bank forecasted growth for the region as a whole to slow to 3.2% this year from 7.2% in 2021, before accelerating to 4.6% next year<\/li>\n<li>Most developing East Asia and Pacific economies are growing, but slowing global growth, elevated commodity prices, and tightening financial conditions will affect economies in the region in 2023<\/li>\n<li>Despite the challenges, Asia remains a relative bright spot in an increasingly dimming global economy<span class=\"whitespace-nowrap\">.<\/span><\/li>\n<li>Southeast Asia will likely enjoy a strong year ahead, with Vietnam expanding from being at the center of supply chain diversification efforts<\/li>\n<li>China and India alone are expected to contribute more than half of Asia-Pacific&#8217;s global growth this year<\/li>\n<\/ul>\n<p>Overall, while Asia&#8217;s growth is expected to slow down, it is still projected to outpace other regions in the world. Southeast Asia, in particular, is expected to enjoy a strong year ahead. However, the region is not immune to the challenges of slowing global growth, elevated commodity prices, and tightening financial conditions.<span style=\"font-size: revert; color: initial;\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The outlook for Asia&#8217;s economies is mixed in May 2023. Here are some key points from the various sources: The IMF predicted growth for Asia and the Pacific at 4% this year and 4.3% in 2023, with both below the 5.5% average over the last two decades The World Bank forecasted growth for the region [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7396,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,18,19,15,16,20,21,22],"tags":[],"class_list":["post-7374","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-news","category-china","category-countries","category-country-benchmarking","category-country-study","category-germany","category-india","category-malaysia","entry","has-media"],"_links":{"self":[{"href":"https:\/\/perfectoholic.pro\/gbp\/wp-json\/wp\/v2\/posts\/7374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/perfectoholic.pro\/gbp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/perfectoholic.pro\/gbp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/perfectoholic.pro\/gbp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/perfectoholic.pro\/gbp\/wp-json\/wp\/v2\/comments?post=7374"}],"version-history":[{"count":0,"href":"https:\/\/perfectoholic.pro\/gbp\/wp-json\/wp\/v2\/posts\/7374\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/perfectoholic.pro\/gbp\/wp-json\/wp\/v2\/media\/7396"}],"wp:attachment":[{"href":"https:\/\/perfectoholic.pro\/gbp\/wp-json\/wp\/v2\/media?parent=7374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/perfectoholic.pro\/gbp\/wp-json\/wp\/v2\/categories?post=7374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/perfectoholic.pro\/gbp\/wp-json\/wp\/v2\/tags?post=7374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}