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Economic growth in the Pacific is slowing. Photo: ADB

Pacific Economic Outlook: Moderating Growth Across Developing Countries in 2013

ADB is expecting growth to moderate across ADB's Pacific developing member countries (DMCs) this year (including Timor-Leste), mostly as a result of solid but slower growth in a few of the region’s larger, natural resource–extracting economies. The region's growth has fallen from the post-global economic and financial crisis high of 8.3%, to 7.2% in 2012, and growth is projected at 5.2% in 2013. 

Emma Veve