The Asian Development Bank said that the economic growth rate in the Asia-Pacific region would recover by 5.2%, and pointed out that the acceleration of inflation due to the military invasion by Russia would be a risk in the future. did.
The Asian Development Bank has released the latest economic outlook for the Asia-Pacific region, with the exception of some developed countries such as Japan and Australia.
According to this, the economic growth rate of the entire region is + 5.2%, which is slower than last year, which was + 6.9%, but will continue to recover.
In Southeast Asia, the growth rate is expected to increase from last year in many countries due to the relaxation of immigration restrictions that have continued due to the corona disaster, such as Malaysia increasing by 6% and Indonesia increasing by 5%.
On the other hand, the growth rate of this year in China is expected to be + 5%, a significant slowdown from last year's + 8.1% due to sluggish domestic consumption due to the spread of infection.
In addition, the rate of price increase in the entire region will be 3.7%, up from 2.5% last year, due to the rise in energy and raw material prices due to the military invasion by Russia.
In particular, oil prices could average more than 50% higher than last year, pointing out that accelerated inflation poses a risk to economic recovery.