Goldman Sachs Research economists discuss the outlook for growth, monetary policy, inflation and more across Asia Pacific. Regional growth will decelerate this year, but should remain above trend in many economies. Japan is set for its fastest GDP growth in a decade on a combination of domestic fiscal support, easy financial conditions, and global reflation. The “late reopeners”—mainly South and Southeast Asian economies that had very tight domestic virus restrictions during the Delta wave—are apt to post the strongest 2022 growth.
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