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In my book, Reshaping Tomorrow, I ask if South Asia is Ready for the Big Leap. The optimistic view is that India will achieve double-digit growth rates benefitting the rest of South Asia. The pessimistic view is that growth will be derailed by structural and transformational challenges.
- Ejaz Ghani
Apr 2, 2024 · According to Jobs for Resilience, the latest South Asia Development Update, South Asia is expected to remain the fastest-growing region in the world for the next two years, with growth projected to be 6.1% in 2025. But this strong outlook is deceptive. For most countries, growth is still below pre-pandemic levels and is reliant on public spending.
South Asia is expected to remain the world’s fastest-growing region, thanks to robust growth in India. However, this strong outlook is deceptive. For most countries, growth is still below pre-pandemic levels and is more reliant on public spending than elsewhere.
Oct 3, 2023 · The latest South Asia Development Update from the World Bank projected growth in the region to slow slightly to 5.6% in 2024 and 2025, as post-pandemic rebounds fade and reduced global demand weighs on economic activity.
- kpathi@ap.org
- South Asia Reporter
South Asia’s output growth is forecast to remain broadly steady in 2023–25, slowing from 8.2 percent in 2022 to 5.8 percent in 2023 and 5.6 percent in 2024 and 2025 (figure 1.1). In all South Asian countries, projected growth will remain below the 2015–19 pre-pandemic average, with the fading of post-pandemic rebounds
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Oct 3, 2023 · Released today, the latest South Asia Development Update, Toward Faster, Cleaner Growth forecasts growth to slow to 5.6% in 2024 and 2025, as post-pandemic rebounds fade and a combination of monetary tightening, fiscal consolidation, and reduced global demand weigh on economic activity.
Last observation is January 2024 for SAR countries. For other EMDEs last observation is December 2023. Center panel: Dark blue line shows the mid-point of the U.S. Fed Funds Rate target range. Right panel: Solid line shows the median year-on-year depreciation for a sample of up to 97 EMDEs.
