SURGING global investments in artificial intelligence (AI) and easing inflation give developing Asia a launch pad for sustained economic growth in 2024 and 2025, the Asian Development Bank (ADB) said Wednesday.

With goods exports jumping 8.0 percent in July, the Manila-based lender slightly raised its 2024 economic growth forecast for the region to 5.0 percent this year, up from 4.9 percent projected in April.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details