Asian Economic Growth

Economy

Annual economic growth in the developing economies of Asia is set to reach 7.3% in 2021 amid stronger exports and Covid-19 vaccine rollout plans, the Asian Development Bank (ADB) said.

Chinese annual growth will reach 8.1% amid a rebound in exports and household spending.

In India, annual growth will be 11.0% in the fiscal year ending March 2022 but the recent surge in Covid-19 cases may impact this figure.

For 2022, Asian economic growth will slow to 5.3% with China’s falling to 5.5% and India’s to 7.0%.