Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Asian Development Outlook (Ado) 2022 Update: Entrepreneurship in the Digital Age

Asian Development Outlook (Ado) 2022 Update: Entrepreneurship in the Digital Age

Asian Development Bank

Paperback

Series: Asian Development Outlook (Ado)

Business General

ISBN10: 9292697544
ISBN13: 9789292697549
Publisher: Asian Development Bank
Published: Nov 21 2022
Pages: 242
Weight: 1.68
Height: 0.66 Width: 8.50 Depth: 11.00
Language: English
In this report, ADB has lowered its forecasts for economic growth in developing Asia and the Pacific to 4.3% in 2022 and 4.9% in 2023, amid mounting challenges. Its theme chapter looks at how digital entrepreneurship spurs growth and innovation.

The region's economy is expected to grow 4.3% this year, compared with ADB's projection in April of a 5.2% expansion, while the growth forecast for next year is lowered to 4.9% from 5.3%. The downward revisions have been driven by increased monetary tightening by central banks, fallout from the protracted Russian invasion of Ukraine, and recurrent COVID-19 lockdowns in the People's Republic of China. Inflation in developing Asia this year is likely to reach 4.5%, up from ADB's earlier projection of 3.7%. The forecast for 2023 is 4.0%, up from 3.1%. While inflation in the region remains lower than elsewhere, supply disruptions continue to push up food and fuel prices.

The report's theme chapter looks at the role of entrepreneurship in achieving inclusive growth, and how governments in the region can create a more enabling environment for digital entrepreneurs.

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