AI boom remains intact, but risks remain: ADB chief economist

The Asian Development Bank (ADB) has slightly upgraded its 2026 growth forecast for developing Asia and the Pacific to 5 per cent, up 0.1 percentage points from its July projection. The 2027 forecast is unchanged at 5.1 per cent. Speaking to CNA’s Asia First, ADB chief economist Albert Park says Asia’s artificial intelligence boom remains intact, with the region benefiting from producing semiconductors and participating in AI-related supply chains. But downside risks remain, including higher energy prices, escalating geopolitical tensions and a worse-than-expected El Nino.

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