The Asian Development Bank has raised its economic growth forecasts for developing Asia, citing strong performance in technology-driven sectors.
Growth outlook revised upward
The ADB now expects developing Asia and the Pacific to grow faster than previously forecast, supported by strong expansion in technology, services, and exports. India’s economic momentum played a key role in the revised outlook.
Technology and exports support growth
Demand linked to electronics, artificial intelligence, and digital services has helped offset global economic uncertainties. Several Southeast Asian economies are also expected to benefit from improved export prospects.
Regional economic momentum
The updated forecast suggests continued resilience across the region, with technology and digital infrastructure playing a growing role in economic expansion.
