ADB forecast real GDP growth of 5.0% in both 2023 and 2024, after 5.7% in 2022. Inflation was forecast at 11% in 2023 and 10% in 2024.
Industry and services were each expected to grow about 5.5% in 2023. International reserves were reported at about US$37bn. Risks included spillovers from sanctions on Russia and weaker external demand.
The outlook supplied an external base case for revenue, inflation and transaction valuation assumptions, but its forward indicators were ADB forecasts rather than observed results.
This material is provided for general information only and does not constitute investment, legal or tax advice, or an offer or solicitation in any jurisdiction.