Asian development countries growth forecasts are reduced to 4.3% to 4.3%

(Manila / New York Comprehensive News) In view of the pressure of China's Qing Zero policy for growth, global monetary policy tightening, and Ukrainian war overwhelming, the Asian Development Bank has once again lowered the forecast of the growth of Asian developing countries. From July this yearThe 4.6%downgraded to 4.3%, and the growth forecast for China's growth was also reduced from 4%to 3.3%.

The economic growth rate of other countries in Asia for the first time has surpassed China for the first time in more than 30 years

The Asian Bank headquarters in Manila pointed out in a statement that this will be the first time that the economic growth rate of other developing countries in Asia has surpassed China for more than 30 years.

Comprehensive Bloomberg and Dow Jones News reported that Albert Park, chief economist of Asian Kaixing Bank, explained that there are two main reasons for this time.

He said that the slowdown in China's economy is one, "this (China's dynamic zero -epidemic prevention) policy does hit the confidence of Chinese consumers, cause China's supply chain bottleneck, and affect other economies. At the same time, it also affects other economies. At the same timeAs a result, demand from the Chinese market decreases. "

The second major factor that allows Asian economic growth is to tighten monetary policy than expected.According to Park's water analysis, the US tightening monetary policy is the result of the continuous existence of inflation pressure worldwide, and the Ukrainian war has exacerbated inflation pressure.

The so -called Asian developing countries refer to 46 Asian operators including China, South Korea and India.If it does not include China, the largest Asian economy, the Asian Development Bank is expected to grow by 5.3%in 2022, and the economic growth rate in 2023 will also be 5.3%.

Southeast Asia is adjusted to 5.1%Indonesia and the Philippines is the highlight

Asian Kaixing believes that Indonesia and the Philippines are the highlights of the entire region, and strong domestic demand helps improve the economic prospects in Southeast Asia.

Therefore, the Asian Development Bank has raised the forecast of Southeast Asia this year, raised from 4.9%forecast in April to 5.1%.However, due to the weak external demand caused by the slowdown of the growth of major economies in the world, the Asian Development Bank lowered economic forecasting for Thailand and Singapore.

The Asian Bank predicts that Singapore will increase by 3.7%this year, lower than 4.3%of the forecast in April.Last month, the Singapore government raised this year's growth forecast from 3%to 5%to 3%to 4%.

Pu Zhishui also added emphasis: "Although we have lowered economic growth expectations, we still expect that the economic growth rate of developing countries in Asia is 4.3%. In the current global situation, this is much better than other parts of the world."

In view of the high inflation promotes the tightening of monetary policy in the United States and the euro zone, the supply chain is disturbed and the uncertainty brought by the Russian and Ukraine War, the Asian Bank has lowered its expectations for major developed economies in the world.The bank predicts that the GDP growth rates in Japan, the United States and the euro zone in 2022 will be 1.4%, 1.6%, and 2.5%, respectively.