Asian Development Outlook (ADO) 2018: How Technology Affects Jobs
Developing Asia is forecast to expand by 6.0% in 2018 and 5.9% in 2019. Growth in South Asia is expected to be revived after a two-year slowdown. India is expected to bounce back to 7.3% in 2018 and 7.6% in 2019 owing to the effects of tax and banking reforms and corporate deleveraging. Growth will be strong in the rest of South Asia, with a forecast of 7.0% in 2018 and 7.2% in 2019, but expansion will be affected in Bangladesh and Sri Lanka following a need to carry out revenue-enhancing fiscal reform and to strengthen economic policy. Inflation forecast in South Asia is 4.7% in 2018 and raised to 5.1% in 2019.
Author: Asian Development Bank
Tags: ADB, Bangladesh, Bhutan, India, Employment, Jobs, Maldives, Myanmar, Nepal, Sri Lanka, Technology