US EditionSouth Asia is expected to grow by nearly 6% this year, making it the world's fastest-growing region
- South Asia is projected to be the fastest-growing region in the world, with a growth rate of 5.8% this year, although it remains below pre-pandemic levels.
- Despite its fast growth, South Asia still has a long way to go to achieve high-income status within a generation, as per capita incomes in the region are one-fifth of those in East Asia and the Pacific.
- The World Bank has raised concerns about high government debt in South Asian countries, which averaged 86% of GDP in 2022, higher than other emerging markets. There is also a risk of defaults and increased borrowing costs.
14 Articles
14 Articles
South Asia is the fastest growing region. Why are analysts concerned?
South Asia is expected to grow by 5.8% this year, according to the World Bank, making it the fastest-growing region in the world. However, analysts are worried that the current rate is unsustainable – even as growth remains below pre-pandemic levels.
South Asia is expected to grow by nearly 6% this year, making it the world's fastest-growing region
NEW DELHI (AP) -- South Asia is expected to grow by 5.8% this year, making it the fastest-growing region in the world even as the pace remains below pre-pandemic levels, the World Bank said on Tuesday.
South Asia is expected to grow by nearly 6% this year, making it the world's fastest-growing region
NEW DELHI (AP) — South Asia is expected to grow by 5.8% this year, making it the fastest-growing region in the world even as the pace remains below pre-pandemic levels, […]
South Asia is expected to grow by nearly 6% this year, making it the world's fastest-growing region
NEW DELHI (AP) — South Asia is expected to grow by 5.8% this year, making it the fastest-growing region in the world even as the pace remains below pre-pandemic levels, the World Bank said on Tuesday. The latest South Asia Development Update from the World Bank projected growth in the region to slow slightly to 5.6% in 2024 and 2025, as post-pandemic rebounds fade and reduced global demand weighs on economic activity. At almost 6% this year, th…
South Asia is expected to grow by nearly 6% this year, making it the world's fastest-growing region
South Asia is expected to grow by 5.8% this year, making it the fastest-growing region in the world even as the pace remains below pre-pandemic levels, the World Bank said on Tuesday.The latest South Asia Development Update from the World Bank projected growth in the region to slow slightly to 5.6% in 2024 and 2025, as post-pandemic rebounds fade and reduced global demand weighs on economic activity. At almost 6% this year, the region is growing…
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