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Emerging Asian Nations to Top China Growth – Nikkei

Developing Asian nations like Indonesia and the Philippines are forecast to grow 4.3% in 2022, compared to 3.3% in China, with expectations slashed after recent Covid lockdowns


Indonesia market
Bitter gourds are sold by a vendor on a railway track in Jakarta. Indonesia has the fastest growing food market in Southeast Asia. Photo: Reuters.

 

Developing Asian economies will grow faster than China this year for the first time in more than three decades, Nikkei Asia reported.

Developing Asia is forecast to grow 4.3% in 2022, said the report, with Indonesia and the Philippines leading the way, compared to 3.3% in China with expectations slashed after recent Covid lockdowns.

Read the full report: Nikkei Asia

 

Read more:

China Sidesteps GDP Growth Focus to Target Jobs, Prices

Vietnam to Keep Public Debt at or Below 60% of GDP

Singapore GDP Inches Up as Monetary Policy Tightens

 

Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India's economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.

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