The 2019 forecast represents a slight downgrade from its December forecast of 5.8%. For 2020, the region is forecast to grow 5.6%, which would be the slowest since 2001. LIVE: Slower demand growth from advanced economies and PRC will lower growth for developing Asia from 5.9% to 5.7% in 2019 and further to 5.6% in 2020. China has set its 2019 economic growth target at 6.0 to 6.5%. Citing stable commodity prices, the ADB lowered its average inflation forecast for developing Asia to 2.5% this year from 2.7% previously, and it is expected to remain subdued at 2.5% in 2020.

Source: Dhaka Tribune April 03, 2019 05:37 UTC