China News Service, Beijing, July 20 (Reporter Liu Liang) The Asian Development Bank (hereinafter referred to as ADB) released the "Asia Development Outlook 2021" on the 20th. It is expected that the industry, export and service industries will maintain stable development. , China’s economic growth this year is expected to remain at 8.1%, and the growth in 2022 is expected to be 5.5%.
The overall growth forecast for Asian developing economies has been lowered.
The Asian Development Bank pointed out that due to the return of the new crown epidemic, the recovery of some economies in the Asian region has slowed down. The economic growth rate of developing Asian countries is expected to be 7.2% this year, slightly lower than the previous forecast of 7.3%.
In terms of regions, the recovery of newly industrialized economies such as China and South Korea is stronger than expected. The economic growth forecast for East Asia in 2021 has been revised up from 7.4% in April to 7.5%; the growth forecast for Central Asia this year is expected to increase from 3.4% in April. Increased to 3.6%.
Affected by the economic activities brought about by the outbreak of the epidemic again, the growth forecasts for 2021 in South Asia, Southeast Asia and the Pacific have all been lowered.
The growth forecast for the 2021 fiscal year in South Asia has been revised down from 9.5% to 8.9%.
The growth forecast for Southeast Asia in 2021 was revised down from 4.4% to 4.0%, and the growth forecast for the Pacific economies was revised down from 1.4% to 0.3%.
In addition, due to rising oil and commodity prices, the Asia-Pacific region’s inflation forecast for this year has been raised to 2.4% from 2.3% in April.
The growth forecast for 2022 is still 2.7%.
ADB said that the new crown epidemic remains the biggest risk to the economic growth prospects of the region.
Many economies are still shrouded in the haze of the epidemic.
The daily confirmed cases in the region reached a peak in mid-May, at about 434,000.
At the end of June, the number dropped to about 109,000 cases.
At the same time, the vaccination work in this region is speeding up.
As of the end of June, every 100 people had received 41.6 doses of the vaccine, which was higher than the global average of 39.2 doses, but lower than 97.6 doses in the United States and 81.8 doses in the European Union.