Asia's Economic Growth Slowing But Outpacing Other Regions

• Asia's economies are growing slower than pre-pandemic but faster than other regions; projected 4.5% growth in 2023 • Debt, trade barriers, and policy uncertainty dulling economic dynamism • Rebound in global trade and easing financial conditions will help offset weaker China growth • China's growth expected to slow to 4.5% as it transitions to more balanced economy • Productivity and efficiency lagging; leading Asian firms behind wealthier nations' companies