The latest report of the Asian Development Bank shows that China will become the main engine of the economic development of the Asia -Pacific region this year, and the Asian Development Bank has raised China's economic growth forecast this year to 5%.
According to the Asian Development Outlook Report on Tuesday (April 4), with the continuous recovery of consumption, tourism and investment, the economic development of the Asia -Pacific region will achieve rapid development this year, and China will become the Asia -Pacific region.The main engine of economic development.The
Report states that the economic growth forecast of this year's economic growth in Asian development, including China, increased from 4.6%in December last year to 4.8%, and is expected to reach 4.8%in 2024.However, the risk of the global banking industry's turbulence may put pressure on the prospects.
Asian Kaixing said in the report that the forecast of China's economic growth forecast this year is 0.7 percentage points to 5%, and the forecast will increase by 4.5%in 2024.It is 5%.In addition, the overall inflation rate in the region will gradually decrease to the level before the epidemic. It is predicted that the inflation rate in the development of economies in Asia this year is 4.2%and 3.3%in 2024.
Asian Kaixing said that the main reason for promoting a strong recovery of economic growth this year and next is that the tourism industry in some regions can be recovered, remittance and transfer demand is strong. China's opening up will further promote the development of tourism and trade.
Asia Development Bank is a regional government financial institution dedicated to promoting the economic and social development of members in the development of Asia and the Pacific region. It was founded in November 1966 and headquartered in Manila, Philippines.China joined the Asian Bank on March 10, 1986.
