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Asian Development Outlook 2004 Update

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  • Asian Development Outlook 2004 Update
  • Asian Development Bank (ADB)
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Title Asian Development Outlook 2004 Update
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Material Type Reports
Publisher

Asian Development Bank (ADB)

Date 2004
Series Title; No Asian Development Outlook
Language English
File Type Link
Subject Economy < Direct Investment

Abstract

Developing Asia and the Pacific will grow at 7.0% in 2004, outperforming ADO 2004 forecast of 6.8%. Rebounding exports and buoyant intraregional trade boosted growth, says the ADO 2004 Update.;For 2005, as external demand levels off and high oil prices filter through domestic demand, growth forecast is scaled back to 6.2%, from the 6.7% forecast in April. This issue of the Update also assesses different scenarios relating to the short-term impacts of a PRC slowdown and sustained high oil prices on the region.