Asia predicted to barrel along in 2022 with 5.2 percent growth

Growth in Asia is expected to keep largely on track this year, whilst coping with a few dips because of current events, until at least next year. The prediction comes as most countries in the region ease into their post-pandemic economic strategies, despite fallout coming from the war in Ukraine following Russia’s invasion, and world inflation.

This assessment from the Asian Development Bank in their annual report yesterday.

“The Asian Development Bank is a regional development bank established on December 19, 1966, with its HQ in the Ortigas Centre located in the city of Mandaluyong, Metro Manila, Philippines. The company also maintains 31 field offices around the world to promote social and economic development in Asia.”

The Manila-based ADB says that gross domestic product across Asia would settle around 5.2 percent this year and projects 5.3 percent next year after last…