최신자료
Asian Development Outlook (ADO) April 2024
Growth in developing Asia and the Pacific is expected to remain resilient, propelled by strong domestic demand, improving semiconductor exports, and the ongoing recovery in tourism.
Regional inflation will moderate further, as global food and fuel prices stabilize. However, several risks warrant attention. Escalating conflicts and geopolitical tensions may disrupt supply chains and impact commodity prices. Uncertainty surrounding US monetary policy, potential further weakness in the property market in the People’s Republic of China, and extreme weather events could present challenges for the region. Policymakers should intensify efforts to bolster resilience by fostering trade, cross-border investment, and commodity supply networks.
[REPUBLIC OF KOREA]
- Economic growth will accelerate from 1.4% in 2023 to 2.2% in 2024, driven by higher exports, and then moderate to 2.3% in 2025 amid a tepid global recovery. Domestic demand will remain subdued in 2024 due to tight monetary and fiscal policies, then improve in 2025 as inflation continues to moderate and global oil prices stabilize. Containing the high level of household debt and debt service costs is a policy challenge, especially in a high interest rate environment.
Regional inflation will moderate further, as global food and fuel prices stabilize. However, several risks warrant attention. Escalating conflicts and geopolitical tensions may disrupt supply chains and impact commodity prices. Uncertainty surrounding US monetary policy, potential further weakness in the property market in the People’s Republic of China, and extreme weather events could present challenges for the region. Policymakers should intensify efforts to bolster resilience by fostering trade, cross-border investment, and commodity supply networks.
[REPUBLIC OF KOREA]
- Economic growth will accelerate from 1.4% in 2023 to 2.2% in 2024, driven by higher exports, and then moderate to 2.3% in 2025 amid a tepid global recovery. Domestic demand will remain subdued in 2024 due to tight monetary and fiscal policies, then improve in 2025 as inflation continues to moderate and global oil prices stabilize. Containing the high level of household debt and debt service costs is a policy challenge, especially in a high interest rate environment.
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