"Asia poised to drive global economic growth, boosted by China\u2019s reopening"

" \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n Asia poised to drive global economic growth, boosted by China\u2019s reopening \r\n Asia and the Pacific is a relative bright spot amid the more somber context of the global economy's\u00a0<a href=\"https:\/\/lnks.gd\/l\/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDcsInVyaSI6ImJwMjpjbGljayIsInVybCI6Imh0dHBzOi8vd3d3LmltZi5vcmcvZW4vUHVibGljYXRpb25zL1dFTy9Jc3N1ZXMvMjAyMy8wNC8xMS93b3JsZC1lY29ub21pYy1vdXRsb29rLWFwcmlsLTIwMjM_dXRtX21lZGl1bT1lbWFpbCZ1dG1fc291cmNlPWdvdmRlbGl2ZXJ5IiwiYnVsbGV0aW5faWQiOiIyMDIzMDUwMi43NjA5MDQ4MSJ9.pAvr1curP_fAontRQ8tFVldWN7mIcNxC5bja3uG-fpw\/s\/1181822789\/br\/172430822953-l\" target=\"_blank\" rel=\"noopener noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/lnks.gd\/l\/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDcsInVyaSI6ImJwMjpjbGljayIsInVybCI6Imh0dHBzOi8vd3d3LmltZi5vcmcvZW4vUHVibGljYXRpb25zL1dFTy9Jc3N1ZXMvMjAyMy8wNC8xMS93b3JsZC1lY29ub21pYy1vdXRsb29rLWFwcmlsLTIwMjM_dXRtX21lZGl1bT1lbWFpbCZ1dG1fc291cmNlPWdvdmRlbGl2ZXJ5IiwiYnVsbGV0aW5faWQiOiIyMDIzMDUwMi43NjA5MDQ4MSJ9.pAvr1curP_fAontRQ8tFVldWN7mIcNxC5bja3uG-fpw\/s\/1181822789\/br\/172430822953-l&source=gmail&ust=1683128521718000&usg=AOvVaw2sL2b5StiCg4K_ZfIAWIwW\">rocky recovery . \r\n\r\n \r\n \r\n \r\n \r\n \r\n As the\u00a0<a href=\"https:\/\/lnks.gd\/l\/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDgsInVyaSI6ImJwMjpjbGljayIsInVybCI6Imh0dHBzOi8vd3d3LmltZi5vcmcvZW4vQmxvZ3MvY2hhcnQtb2YtdGhlLXdlZWs_dXRtX21lZGl1bT1lbWFpbCZ1dG1fc291cmNlPWdvdmRlbGl2ZXJ5IiwiYnVsbGV0aW5faWQiOiIyMDIzMDUwMi43NjA5MDQ4MSJ9._2_8ICRSY1Ls_x8XG8NUHttdThX9sfv5fSTnHURRsME\/s\/1181822789\/br\/172430822953-l\" target=\"_blank\" rel=\"noopener noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/lnks.gd\/l\/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDgsInVyaSI6ImJwMjpjbGljayIsInVybCI6Imh0dHBzOi8vd3d3LmltZi5vcmcvZW4vQmxvZ3MvY2hhcnQtb2YtdGhlLXdlZWs_dXRtX21lZGl1bT1lbWFpbCZ1dG1fc291cmNlPWdvdmRlbGl2ZXJ5IiwiYnVsbGV0aW5faWQiOiIyMDIzMDUwMi43NjA5MDQ4MSJ9._2_8ICRSY1Ls_x8XG8NUHttdThX9sfv5fSTnHURRsME\/s\/1181822789\/br\/172430822953-l&source=gmail&ust=1683128521718000&usg=AOvVaw2Ylkv7qTK5D2IQlB6NTrm7\">Chart of the Week \u00a0shows, the region will contribute about 70 percent of global growth this year\u2014a much greater share than in recent years. \r\n\r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n <a href=\"https:\/\/lnks.gd\/l\/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDksInVyaSI6ImJwMjpjbGljayIsInVybCI6Imh0dHBzOi8vd3d3LmltZi5vcmcvZW4vQmxvZ3MvQXJ0aWNsZXMvMjAyMy8wNS8wMS9hc2lhLXBvaXNlZC10by1kcml2ZS1nbG9iYWwtZWNvbm9taWMtZ3Jvd3RoLWJvb3N0ZWQtYnktY2hpbmFzLXJlb3BlbmluZz91dG1fbWVkaXVtPWVtYWlsJnV0bV9zb3VyY2U9Z292ZGVsaXZlcnkiLCJidWxsZXRpbl9pZCI6IjIwMjMwNTAyLjc2MDkwNDgxIn0.KXly77-6x4zaEG6iJmmb5ah-uLhlHQOJodWkGQtJySY\/s\/1181822789\/br\/172430822953-l\" target=\"_blank\" rel=\"noopener noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/lnks.gd\/l\/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDksInVyaSI6ImJwMjpjbGljayIsInVybCI6Imh0dHBzOi8vd3d3LmltZi5vcmcvZW4vQmxvZ3MvQXJ0aWNsZXMvMjAyMy8wNS8wMS9hc2lhLXBvaXNlZC10by1kcml2ZS1nbG9iYWwtZWNvbm9taWMtZ3Jvd3RoLWJvb3N0ZWQtYnktY2hpbmFzLXJlb3BlbmluZz91dG1fbWVkaXVtPWVtYWlsJnV0bV9zb3VyY2U9Z292ZGVsaXZlcnkiLCJidWxsZXRpbl9pZCI6IjIwMjMwNTAyLjc2MDkwNDgxIn0.KXly77-6x4zaEG6iJmmb5ah-uLhlHQOJodWkGQtJySY\/s\/1181822789\/br\/172430822953-l&source=gmail&ust=1683128521719000&usg=AOvVaw1O0WV4I1RhBl4RgycBTwLL\"><img class=\"CToWUd\" src=\"https:\/\/ci4.googleusercontent.com\/proxy\/L-gYNqIMwKYKL0sIo8sIAiP-GpzEBFrotqhZYjOL_JyBGvxt2tHpr016X0zXnHlItzHU-29KZNAX4vG7X3Sh8XNrM1iopqdYISFzVa2bUSGc_qHfzYsK3ThQ1F-PbgUuXPErF6G4GQGxOb4M76F-3IsjP8HoX7LcxL9aakps3CQC2pxQ6lAnFgGDTRYPEZJkK8-oQHpoU0Ah=s0-d-e1-ft#https:\/\/content.govdelivery.com\/attachments\/fancy_images\/USIMF\/2023\/05\/7548128\/4718975\/cotw-final-growth-contributions-chart_crop.jpg\" alt=\"global economies and contributions\" width=\"539\" height=\"550\" data-bit=\"iit\" \/> \r\n \r\n \r\n \r\n Our latest\u00a0<a href=\"https:\/\/lnks.gd\/l\/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTAsInVyaSI6ImJwMjpjbGljayIsInVybCI6Imh0dHBzOi8vd3d3LmltZi5vcmcvZW4vUHVibGljYXRpb25zL1JFTy9BUEFDL0lzc3Vlcy8yMDIzLzA0LzExL3JlZ2lvbmFsLWVjb25vbWljLW91dGxvb2stZm9yLWFzaWEtYW5kLXBhY2lmaWMtYXByaWwtMjAyMz9jaWQ9YmwtY29tLXNwcmluZzIwMjNmbGFnc2hpcHMtUkVPQVBERUEyMDIzMDAxJnV0bV9tZWRpdW09ZW1haWwmdXRtX3NvdXJjZT1nb3ZkZWxpdmVyeSIsImJ1bGxldGluX2lkIjoiMjAyMzA1MDIuNzYwOTA0ODEifQ.ma3pdpLPCdoBKIYyA3I9XjBNenepsiPa5mYI7XyKu4M\/s\/1181822789\/br\/172430822953-l\" target=\"_blank\" rel=\"noopener noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/lnks.gd\/l\/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTAsInVyaSI6ImJwMjpjbGljayIsInVybCI6Imh0dHBzOi8vd3d3LmltZi5vcmcvZW4vUHVibGljYXRpb25zL1JFTy9BUEFDL0lzc3Vlcy8yMDIzLzA0LzExL3JlZ2lvbmFsLWVjb25vbWljLW91dGxvb2stZm9yLWFzaWEtYW5kLXBhY2lmaWMtYXByaWwtMjAyMz9jaWQ9YmwtY29tLXNwcmluZzIwMjNmbGFnc2hpcHMtUkVPQVBERUEyMDIzMDAxJnV0bV9tZWRpdW09ZW1haWwmdXRtX3NvdXJjZT1nb3ZkZWxpdmVyeSIsImJ1bGxldGluX2lkIjoiMjAyMzA1MDIuNzYwOTA0ODEifQ.ma3pdpLPCdoBKIYyA3I9XjBNenepsiPa5mYI7XyKu4M\/s\/1181822789\/br\/172430822953-l&source=gmail&ust=1683128521719000&usg=AOvVaw3VylsfwV9p0X8m93ixuGNJ\">Regional Economic Outlook \u00a0describes the resilience of the world\u2019s most dynamic region and important challenges facing its policymakers. Growth in Asia and the Pacific is forecast to accelerate to 4.6 percent this year from 3.8 percent last year. \r\n The main development has been the reopening of China, where surging consumption is boosting growth across the region despite weaker demand from the rest of the world. Risks to the outlook include spillovers from greater-than-expected US monetary policy tightening and supply chain disruptions associated with\u00a0<a href=\"https:\/\/lnks.gd\/l\/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTEsInVyaSI6ImJwMjpjbGljayIsInVybCI6Imh0dHBzOi8vd3d3LmltZi5vcmcvZW4vQmxvZ3MvQXJ0aWNsZXMvMjAyMy8wMS8xNi9Db25mcm9udGluZy1mcmFnbWVudGF0aW9uLXdoZXJlLWl0LW1hdHRlcnMtbW9zdC10cmFkZS1kZWJ0LWFuZC1jbGltYXRlLWFjdGlvbj91dG1fbWVkaXVtPWVtYWlsJnV0bV9zb3VyY2U9Z292ZGVsaXZlcnkiLCJidWxsZXRpbl9pZCI6IjIwMjMwNTAyLjc2MDkwNDgxIn0.vYnS3RCO4cwehx88WuU-V837elfhXvTRTZSgRewKIpE\/s\/1181822789\/br\/172430822953-l\" target=\"_blank\" rel=\"noopener noreferrer\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/lnks.gd\/l\/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMTEsInVyaSI6ImJwMjpjbGljayIsInVybCI6Imh0dHBzOi8vd3d3LmltZi5vcmcvZW4vQmxvZ3MvQXJ0aWNsZXMvMjAyMy8wMS8xNi9Db25mcm9udGluZy1mcmFnbWVudGF0aW9uLXdoZXJlLWl0LW1hdHRlcnMtbW9zdC10cmFkZS1kZWJ0LWFuZC1jbGltYXRlLWFjdGlvbj91dG1fbWVkaXVtPWVtYWlsJnV0bV9zb3VyY2U9Z292ZGVsaXZlcnkiLCJidWxsZXRpbl9pZCI6IjIwMjMwNTAyLjc2MDkwNDgxIn0.vYnS3RCO4cwehx88WuU-V837elfhXvTRTZSgRewKIpE\/s\/1181822789\/br\/172430822953-l&source=gmail&ust=1683128521719000&usg=AOvVaw1w3CvzC91w3TXswukAzoTa\">geoeconomic fragmentation . \r\n But the region also faces important challenges. In the short term, monetary and fiscal policies will need to remain tight to bring inflation durably back to central bank targets and stabilize public debt. An integrated policy response using all available tools will be needed to manage global shocks. While Asia\u2019s financial systems haven\u2019t seen major impacts following recent banking turmoil in the United States and Europe, they need to be carefully monitored given high leverage among households and corporates. \r\n In the longer term, the Chinese economy that has been the primary engine of regional and global growth for decades is expected to slow considerably in the face of unfavorable demographics and a productivity slowdown. The region should prioritize structural reforms to boost long-term growth, including through innovation and digitalization, while accelerating the green energy transition. "

"Asia poised to drive global economic growth, boosted by China\u2019s reopening"

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