The Asian Development Bank revised the projections regarding the economic growth and inflation for the developing economies of Asia and the Pacific. The institution foresees the economic activity in the region continues to grow propelled by the domestic demand and increases 4,8% this year and slows down marginally in 2024 as a result of the slower pace of the external demand of manufactured products and, especially, of electronic products. As regards the growth of the consumer prices, the ADB estimates that in 2023 the inflation will reach 3,6% whereas it would be 3,4% in 2024.
The Preferential Trade Agreement Between MERCOSUR and India Consolidates Nearly Two Decades as a Pivot for South-South Cooperation
Since its implementation in 2009, this tariff instrument shared by Argentina, Brazil, Paraguay, and Uruguay has been key to diversifying the block’s export destinations and strengthening trade with one of the most dynamic economies in the Asia-Pacific.
