Hey there! π Did you know that the Asian Development Bank, or ADB for short, has decided to keep China’s growth forecast the same? That’s right! They believe China will grow by 4.8% in 2024 and 4.5% in 2025. π
But for other countries in the Asia-Pacific region, the ADB has slightly lowered their growth expectations. Instead of growing by 5.0% in 2024, they now think it will be 4.9%, and for 2025, from 4.9% down to 4.8%. π
Even though the numbers have changed a bit, the ADB says that the region’s economy is still doing pretty well! π However, they also mentioned that some changes in policies around the world could affect how things go in the future. π°οΈ
It’s important to keep an eye on these forecasts because they tell us how countries might grow and develop over time. π Isn’t it interesting to see how economies can change? π€
Reference(s):
cgtn.com