Developing Asia remained the main source of global economic growth in 2014. Domestic policy reform, benign commodity prices, and some strengthening of demand from the advanced economies supported the region’s growth.

Asian development Outlook 2015 Financing asia’s future growth

Developing Asia remained the main source of global economic growth in 2014. Domestic policy reform, benign commodity prices, and some strengthening of demand from the advanced economies supported the region’s growth. Asian Development Outlook 2015 forecasts that the 6.3% rate of gross domestic product (GDP) expansion achieved in 2014 will continue into 2015 and 2016. The steady outlook for the region sees growth picking up enough in India and most member economies of the Association of Southeast Asian Nations (ASEAN) to compensate for moderating growth in the People’s Republic of China (PRC).
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