Page 34 - Adb News Today

Actor Jang Dong-yoon to promote ADB Annual Meeting

The Asian Development Bank (ADB) raised its 2023 growth forecast for developing Asia yesterday, after China’s abrupt loosening of COVID-19 restrictions and reopening of its borders brightened the region’s prospects.

PHNOM PENH (The Phnom Penh Post/Asia News Network): The Asian Development Bank (ADB) on Tuesday (April 4) pegged Cambodia’s economic growth at 5.5 per cent for this year “on a more robust tourism recovery and higher growth in the services sector”.

ISLAMABAD: Pakistan’s GDP growth is expected to decelerate significantly to 0.6 per cent in the fiscal year 2023...

VIENTIANE (Vientiane Times/Asia News Network): The recovery in services and private sector investments is expected to drive economic growth in Laos this year and next year as pandemic restrictions are eased throughout the region, according to a new Asian Development Bank (ADB) report.

Developing Asia, which groups together 46 economies in the Asia-Pacific, is forecast to grow 4.8% in 2023, the ADB said in its Asian Development Outlook report, more than its previous estimate of 4.6% in December, and following 4.2% growth in 2022.

The rightsizing of the two levels of the government then needs be complemented by a move away from the direct...

MANILA -- Growth in emerging Asian economies is poised to quicken this year, buoyed by China's reopening, the Asian Development Bank said in a report,

The main risk to this growth projection is a greater economic slowdown in Bangladesh's major export destinations driven by global uncertainty over the prolonged political tensions

Philippine economic growth is expected to remain in a healthy expansion mode this year from 2022's forecast-beating outturn, underpinned by rising domestic demand and a recovery in services, particularly tourism.