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.
Peru and Vietnam seek to strengthen trade and investment ties through the Pacific Alliance
Peru joined a dialogue between Vietnam and the Pacific Alliance to explore new trade and investment opportunities and deepen economic cooperation between the two regions.
