Developing Asia's economic prospects are markedly improving on the rapid reopening in thePeople's Republic of China (PRC).Population mobility in the PRC has normalized following the,end of the zero-COVID strategy, and activity in services is rebounding the fastest.The reopeningof the PRC will boost regional growth through demand for goods and services, as well as supplychain linkages.

Developing Asia remained resilient in 2022.For most of last year, growth in much of the regionheld up on improved consumption and investment as COVID-19 receded in many economies.Thishelped offset the impacts of elevated food and energy prices caused by the Russian invasion of.Ukraine, the tightening global financial conditions, and the PRC's economic slowdown last year.