Economic Buzz: Emerging Asia To Grow At 5.8% This Year Says OECD

23 Mar 2022 , 09:01 AM

The Ukraine war adds to inflation and supply chain risks facing an emerging Asia attempting to break out of the COVID-19 slump, the Organization for Economic Cooperation and Development warned on Tuesday. In a new report, the OECD projects that the gross domestic product of emerging Asia China, India and the 10 members of the Association of Southeast Asian Nations will grow 5.8% this year, following a 7.4% expansion in 2021 and a 0.8% contraction in 2020. The growth is expected to be driven by various factors, such as infrastructure spending and border reopenings.

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