Archive · 23 Jul 2025
ADB Lowers Asia's Growth Forecast Amidst Tariffs and Uncertainty
The Asian Development Bank (ADB) says Asia's economy might not grow as quickly as expected.
This is because of things like US tariffs (taxes on goods from other countries), China's economy slowing down, and worries about the world.
Southeast Asia is expected to slow down the most, while India is predicted to continue doing well.
This means there will be fewer jobs and less money overall.
Luckily, the bank thinks prices (inflation) won't go up as much, so things might still be okay.
ADB lowered its growth forecast for developing Asia in 2025 and 2026.
US tariffs, China's recovery, and global uncertainty are key concerns.
Southeast Asia's growth outlook has been significantly reduced.
India is projected to maintain strong growth, contrasting with regional trends.
Inflation is expected to moderate across developing Asia, with variations by country.
- Who
- The Asian Development Bank (ADB).
- What
- ADB lowered its economic growth forecasts for developing Asia.
- When
- In its latest outlook released on Wednesday.
- Where
- Asia and the Pacific region.
- Why
- Due to rising US tariffs, China's economic slowdown, and global uncertainty.
ADB View
N/A
Policy Approach
ADB View
ADB has urged countries across the region to resist inward-looking policies and instead strengthen their economic fundamentals. This includes pursuing open trade, deepening regional cooperation, and investing in sustainable growth to support jobs and long-term productivity.
N/A
N/A
- 2025 Growth Forecast (Developing Asia)
- 4.7%
- 2026 Growth Forecast (Developing Asia)
- 4.6%
- 2025 Growth Forecast (Southeast Asia)
- 4.2%
- 2025 Growth Forecast (India)
- 6.5%
- US Tariff on Japanese Imports
- 15%
- US Tariff on Philippine Goods
- 19%