In the recently-released Asian Development Outlook April 2023, ADB forecasts faster growth for developing economies in Asia and the Pacific this year, as the continued easing of pandemic restrictions boosts consumption, tourism, and investment. Excluding the PRC, developing Asia is expected to grow 4.6% this year and 5.1% in 2024. The region’s inflation, meanwhile, is forecast to moderate gradually toward pre-pandemic levels. Risks to the outlook persist, however, from the continuing Russian invasion of Ukraine to the need for greener trade and investment to tackle climate change and ensure sustainable growth. Join this conversation with ADB Chief Economist Albert Park to learn more.

Speaker Biography:

Albert F. Park is Chief Economist of the Asian Development Bank (ADB) and Director General of its Economic Research and Regional Cooperation Department. He is chief spokesperson on economic and development trends and leads the production of ADB’s flagship knowledge products and support for regional cooperation fora. Mr. Park has more than 2 decades of experience as a development economist and is a well-known expert on the economy of the People’s Republic of China. He has worked on a broad range of development issues including poverty and inequality, intergenerational mobility, microfinance, migration and labor markets, the future of work, and foreign investment. Mr. Park is Chair Professor of Economics and Director of the Center for Economic Policy at HKUST (on leave).

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