Asian Development Outlook 2022 Update
eBook - ePub

Asian Development Outlook 2022 Update

Entrepreneurship in the Digital Age

  1. 240 pages
  2. English
  3. ePUB (mobile friendly)
  4. Available on iOS & Android
eBook - ePub

Asian Development Outlook 2022 Update

Entrepreneurship in the Digital Age

About this book

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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Information

Year
2022
Print ISBN
9789292697549
eBook ISBN
9789292697556
Subtopic
E-Commerce

Table of contents

  1. Front Cover
  2. Title Page
  3. Copyright Page
  4. Contents
  5. Foreword
  6. Acknowledgments
  7. Definitions and assumptions
  8. Abbreviations
  9. ADO 2022 Update—Highlights
  10. Part 1 Softening growth amid a darkened global outlook
  11. Part 2 Entrepreneurship in the digital age
  12. Part 3 Economic trends and prospects in developing Asia
  13. Statistical appendix
  14. Back Cover

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