South Asia to Grow by Nearly 6% This Year
The region is growing faster than all other emerging markets.
Stay updated with breaking news from Asia Development. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The region is growing faster than all other emerging markets.
MALE —Real GDP is expected to grow by 6.5% in 2023, with an average growth of 5.4% from 2024 to 2025, but challenges lie ahead, with growing external and fiscal vulnerabilities posing risks to the economy, particularly if Maldives continues to borrow
The World Bank says South Asia is expected to grow by 5.8% this year, making it the fastest-growing region in the world even as the pace remains below pre-pandemic levels
Says Pakistan's economy slowed sharply in FY 2023, emphasises need for "careful economic management" to maintain macroeconomic stability.
WASHINGTON —South Asia is expected to grow by 5.8% this year—higher than any other developing country region in the world, but slower than its pre-pandemic pace and not fast enough to meet its development goals, says the World Bank in its twice-a-yea