Growth in developing economies in Asia and the Pacific (developing Asia) eased only slightly in 2024 as strong exports and investment across the region offset softer consumption in the PRC. Growth declined in East Asia due to weak domestic demand in the PRC, even as the subregion’s highincome technology exporters continued to benefit from strong global demand for electronics. Growth in South Asia decelerated, as a slowdown in India, driven by delays in public investment, outweighed recoveries in Pakistan and Sri Lanka. In contrast, higher public investment and consumption supported Southeast Asia’s robust expansion. Growth in the Pacific moderated, as Fiji’s slowdown offset the broad-based rebound in Papua New Guinea. In the Caucasus and Central Asia, domestic demand and remittances continued to support steady growth […]