Hey there! ๐ 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. ๐
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%. ๐
Even though the numbers have changed a bit, the ADB says that the region’s economy is still doing pretty well! ๐ However, they also mentioned that some changes in policies around the world could affect how things go in the future. ๐ฐ๏ธ
It’s important to keep an eye on these forecasts because they tell us how countries might grow and develop over time. ๐ Isn’t it interesting to see how economies can change? ๐ค
Reference(s):
cgtn.com