Economic growth in developing Asia and the Pacific remains steady, but US policy changes under the incoming Trump administration may impact the region.

Economic growth in developing Asia and the Pacific remains steady, but US policy changes under the incoming Trump administration may impact the region.

Asia and the Pacific is continuing its solid economic recovery thanks to healthy domestic demand, stable financial conditions, and a resilient services sector, while inflation in the region is receding.

Asia and the Pacific is continuing its solid economic recovery thanks to healthy domestic demand, stable financial conditions, and a resilient services sector, while inflation in the region is receding.

This edition shows how a modest improvement in economic fundamentals has buoyed East Asia’s local currency bond (LCY) markets, but potential renewed increases in inflation and further interest rate hikes could pose risks for the region’s borrowers.

This edition presents recent developments in emerging East Asian local currency bond markets and features a special section about how increased climate risk awareness can influence investors’ trading decisions.

This paper finds the green trade pattern of Asian economies is increasing in terms of its export share within the region and in global trade. However, the green imports share showed faster growth than the exports share.

This edition notes slowing growth in the last quarter of 2022 in emerging East Asia’s local currency (LCY) bond market, though aggregate issuance of LCY bonds by these economies reached a record high in 2022.

This publication highlights brighter economic prospects for Asia and the Pacific amid ongoing challenges. It forecasts growth across the region’s developing economies of 4.8% this year and in 2024, up from 4.2% in 2022.

Articles in this issue address topics that include the economics of investing in COVID-19 vaccines, and the impacts of finance and of population aging on Asia’s economic growth.

This brief shows how US Federal Reserve interest rate hikes risk sparking a wave of capital withdrawals from Asia’s emerging markets and outlines how speeding up much needed reforms can help governments cushion vulnerable economies.

This report analyzes how the pandemic has impacted investment in infrastructure in Southeast Asia and assesses how infrastructure development can help drive economic recovery and support sustainable growth.