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Asia Pacific Economic overview

April 2018

China’s economic outlook has improved.

China’s GDP growth could reach 6.6% in 2018, according to recent forecasts, up from a previous outlook of 6.4%. While the higher level of growth would support increased energy demand, it is not expected to have a material impact on gas consumption, which is already forecast to grow by around 11% on an annual basis during the summer.

Asia GDP outlook

  2016 2017 2018 2019
China 6.7% 6.9% 6.6% 6.4%
South Korea 2.8% 3.1% 3.0% 2.9%
Taiwan 1.4% 2.9% 2.9% 2.8%
India 7.1% 6.6% 7.3% 7.6%
Indonesia 5.0% 5.1% 5.3% 5.3%
Malaysia 4.2% 5.9% 5.3% 5.0%
Source: Asia Development Bank, Asia Development Outlook, April 2018