Page 9 - Developing Asia News Today

Asian Development Bank said on Wednesday that weak revenues and high spending erase fiscal surpluses and expand deficits across developing Asia.

Nepal’s economy is anticipated to grow by 3.9% in FY 2022 from an estimated 2.3% growth in FY2021, says the Asian Development Outlook (ADO) 2022, ADB's flagship economic publication, and its Macroeconomic Update.

Uzbekistan’s growth is expected to slow in 2022 due to lower investment and remittances from the Russian Federation before rising slightly in 2023, while green financing can support the country’s transition to a greener economy.

ADB's annual flagship economic publication forecasts a muted recovery from the pandemic as Sri Lanka’s economy grapples with macroeconomic challenges arising from high debt, low foreign reserves, and inflationary pressures.

Mongolia’s growth is expected to be constrained by high inflation, persistent trade disruptions, tighter external financing conditions, and geopolitical risks before accelerating in 2023 as COVID-19 concerns and trade disruptions ease.

Putting a price on pollution. Making it easier for small businesses to register. Taxing digital goods and services more effectively.

The Kyrgyz Republic’s economy is expected to slow in 2022 and recover slightly in 2023 if external uncertainties are not prolonged, according to a new ADB report.

In anticipation of rising inflation, Asian Development Bank (ADB) expects Central Banks in developing Asia to tighten their monetary policy this year even though the inflation outlook for the region remains manageable compared to other regions. Speaking in ADB’s Asian impact webinar, its senior economist Matteo Lanzafame said Central Banks should start to tighten monetary policy by raising interest rates to fight against anticipated rising inflation as this will help them from falling behind t...

Developing Asia’s economies are forecast to grow 5.2% this year and 5.3% in 2023, thanks to a robust recovery in domestic demand and continued expansion in exports.

Tajikistan’s economic growth is projected to slow in 2022 because of the severe spillover from the expected economic downturn in the Russian Federation, but is expected to recover slightly in 2023, says a new ADB report.