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Economy

Growth in emerging Asia to slow to 6.3% in 2018-2022: OECD

China expected to decelerate while India, Southeast Asia gather steam

China's economic growth is expected to slow over the next five years, according to the OECD. Here, a laborer works on a screw processing machine at a factory in Zhoushan, China, in May.   © Reuters

MANILA -- Economic growth in emerging Asia will remain steady this year before slowing over the medium term as China's expansion decelerates in the next five years, the Organization for Economic Cooperation and Development (OECD) Development Center said in a report released Tuesday.

Gross domestic product in emerging Asia, which includes Southeast Asia, China and India, is forecast to grow by 6.4% in 2017 in real terms, unchanged from last year, and by 6.3% on average from 2018 to 2022. From 2011 to 2015, emerging Asia grew by 7.1%.

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