Page 48 - Adb News Today

The Asian Development Bank (ADB) lowered its growth forecast for developing Asia for this year and next, amid a sharp slowdown in global growth, increased inflationary pressures and monetary tightening, the war in Ukraine, and a Covid-19 lockdown in China.

The Asian Development Bank (ADB) has lowered its 2022 economic growth outlook for Laos to 2.5 per cent from 3.4 per cent projected in April and to 3.5 per cent from 3.7 per cent for 2023.

Growth this year was already expected to lag behind FY2022 because of several factors

Vietnam’s economic recovery has been faster than expected and continues despite the challenges of the worlds socioeconomic issues.

HANOI (Vietnam/Asia News Network): Vietnam’s economy has been bouncing back faster than expected in the first half of 2022, according to Andrew Jeffries, ADB Country Director for Vietnam.

The rupee on Thursday breached the 80-mark to close at 80.87, its lowest level ever against the dollar. Meanwhile, billionaire Gautam Adani has pledged his entire stake in Ambuja Cements Ltd and ACC Ltd to foreign banks.

Asian lender ADB cuts forecasts to reflect weakening outlook

ADB has approved a $100 million loan to help strengthen the quality of secondary health care in Khyber Pakhtunkhwa (KP).

ADB projected the largest economy in Southeast Asia would expand by 5.4 percent this year, up from its previous projection of 5.0 percent.

Sporadic COVID-19 outbreaks and new lockdowns have weakened China’s growth, which the ADB said will be slower than the rest of developing Asia for the first time in more than three decades.