South Asia is expected to grow by 5.8 percent 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 percent in 2024 and 2025, as post-pandemic rebounds fade and reduced global demand weighs on economic activity.
At almost 6 percent this year, the region is growing faster than all other emerging markets, said Franziska Ohnsorge, the organization’s chief economist for South Asia.
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