How Technology Affects Jobs

Regions: Asia, Central Africa, East Asia, Pacific, South Asia, Southeast Asia
Year: 2018
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Developing Asia is forecast to expand by 6 percent in 2018, and by 5.9 percent in 2019. Excluding Asia’s high-income newly industrialized economies, growth should reach 6.5 percent in 2018 and 6.4 percent in 2019.

With oil prices edging up and robust consumer demand continuing, inflation is poised to pick up after dipping slightly last year. Consumer prices are projected to rise by 2.9 percent in both 2018 and 2019, or 0.6 percentage points more than in 2017.

Though prospects are firm, risks are clearly to the downside. Protectionist measures and retaliation against them could undermine the recent pickup in trade growth. In response to fiscal stimulus, the United States Federal Reserve may need to raise interest rates faster than currently expected, which could diminish capital flows to developing Asia.