Asian Development Outlook 2019: Strengthening Disaster Resilience

Developing Asia seems to be on a path of moderating growth as a recovery in global trade and economic activity that began in 2017 loses steam. Estimated regional growth remains robust but slowed in 2018 to 5.9% and is expected to slow further to 5.7% this year and 5.6% in 2020. Minus the newly industrialized economies, regional expansion at 6.4% in 2018 is envisaged softening to 6.2% this year and 6.1% in 2020. Although regional inflation crept up slightly to 2.5% last year on rising oil prices and currency depreciation, it remains well below the 10-year historical average of 3.2%. Headline inflation is forecast to remain at 2.5% in the next 2 years.

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Asian Development Bank (ADB)

The Asian Development Bank (ADB) is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. It assists its members and partners by providing loans, technical assistance, grants, and equity investments to promote social and economic development.

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