Developing Asia News Today

Vietnam's population aging pace is faster than that in other countries

Developing Asia and the Pacific is unprepared to secure the well-being of its rapidly aging population as the growing share

The number of people aged 60 and older in developing Asia and the Pacific is set to nearly double by 2050 to 1.2 billion - or about a quarter of the total population - significantly increasing the need for pension and welfare programmes as well as health care services.

Developing Asia and the Pacific are unprepared to secure the well-being of its rapidly aging population as the growing share of older people in the region faces challenges from low pension coverage to health problems, social isolation

China remains a weight on the regional growth outlook as a protracted property crisis and other challenges keep the worlds No.2 economy from mounting a strong economic revival, the ADB said. -April 10, 2024 at 08:02 pm EDT - MarketScreener

Developing Asia is set to grow faster this year—despite China's slowdown—on the back of "robust domestic demand, improving semiconductor exports, and recovering tourism," according to a Asian Development Bank forecast.

It says inflation is expected to ease in the coming months on continued contractionary monetary policy

The upward revision is based on India’s higher-than-expected gross domestic product (GDP) growth of 7.6 per cent in the September quarter

The currency markets are currently in a state of anticipation, with Dollar trading within familiar range as investors await FOMC rate decision. The critical question facing the markets is whether Fed will signal the pace of rate cuts in its updated dot plot. In September, the median projection indicated the federal funds rate would remain at 5.125% by the end of 2024, implying no rate cuts from the current level. While revisions to this projection are expected, the exact pace and extent of poten...

MANILA — Developing Asia will likely end the year on a brighter note, the Asian Development Bank said on Wednesday (Dec 13), with growth in the region expected to be stronger than previously thought due mainly to a recovery in China's economy. The ADB raised its 2023 growth forecast for developing Asia to 4.9 per cent from 4.7 per cent...