Daily Management Review

Analysts: Asia's GDP growth rate will amount to 4.5 percent in 2023


According to a study from the Boao Asian Economic Forum (BAF), Asia's GDP growth will be 4.5 percent by the end of 2023.

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The analysts expected that Asia's real GDP growth rate would increase from 4.2 percent in 2022 to 4.5 percent in 2023.

In his inaugural remarks on Tuesday, Li Baodong, secretary-general of the Boao Asian Economic Forum, said that Asia would perform well in 2023 despite a slowing global economy. Developing nations will be the foundation of Asia's GDP development, according to Li Baodong.

The "Davos of the East," the Asian Economic Forum, began its first day of sessions on Tuesday in Boao, China's Hainan Island.

The forum's topic is "An Uncertain World: Unity and Cooperation to Overcome Challenges, Openness and Inclusion to Promote Development," and it takes place from March 28 to March 31. The event is completely offline for the first time since the start of the pandemic.

source: reuters.com