The economies in the Asia-Pacific have been showing resilience and are poised to gain steam mainly owing to faster growth of the Chinese economy after its reopening from the COVID-19 pandemic. Developing economies in Asia and the Pacific this year are projected to see better performances than in 2022 as the continued easing of pandemic restrictions boosts consumption, tourism and investment, the Asian Development Bank (ADB) has said, highlighting "China's reopening is the main factor brightening the region's growth prospects." Economies in Asia and the Pacific are forecasted to grow 4.8 percent this year and next ... (full story)