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ADB Asian Development Bank : Lowers 2021 Growth Outlook for Developing Asia to 7.2% 07/19/2021 | 09:40pm EDT Send by mail : Message : News Release | 20 July 2021 MANILA, PHILIPPINES (20 July 2021) - The Asian Development Bank (ADB) is projecting 7.2% economic growth for developing Asia this year, compared with its 7.3% forecast in April, as renewed coronavirus disease (COVID-19) outbreaks slow the recovery in some economies in the region. The growth outlook for 2022 is upgraded to 5.4% from 5.3%. Excluding the newly industrialized economies of Hong Kong, China; the Republic ...

June 1, 2021 You are here: Home / World Economic Forum / How COVID-19 has affected international labour migration – and the path to enduring reintegration How COVID-19 has affected international labour migration – and the path to enduring reintegration (Credit: Unsplash) This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Maria A. Villalba, Founder and Director, Unlad Kabayan Migrant Services Foundation The COVID-19 pandemic has devastated international labour migration, including migrant remittances and employment. N...

Predicting future economic trends appropriately is essential to economic policy making. Currently, the DSGE model approach is a benchmark economic forecasting technique widely employed. However, large external shocks, such as large-scale natural disasters and COVID-19, challenge current approaches to economic forecasting. Multiple approaches will be needed in this situation, including reduced-form model and indicator-based approaches. This paper discusses different forecasting approaches, by comparing forecasts during normal times and crisis periods. The Medium-term Projection Framework (MPF),...

3 minute read Developing Asia's economic rebound this year could be stronger than previously thought, the Asian Development Bank said on Wednesday, underpinned by expectations of a solid global recovery and progress on vaccines. But the Manila-based lender was quick to caution that risks to its forecasts were skewed more to the downside because new outbreaks and delays in vaccine rollout could prolong disruptions to mobility and stall regional economic activity. Developing Asia, which groups 45 countries in the Asia-Pacific, is forecast to grow 7.3% in 2021, the ADB said in its Asian Developm...

: Wednesday, April 28, 2021, 10:23 AM IST India's GDP to grow at 11% this fiscal, surge in COVID cases may put economic recovery at risk: ADB Asian Development Bank expects India's GDP to grow at 11 percent The Indian economy is projected to grow at 11 percent in the current financial year amid the 'strong' vaccine drive, said ADB on Wednesday, while cautioning that the recent surge in COVID cases may put the country''s economic recovery at 'risk'. "India's economy is expected to grow 11 percent in fiscal year (FY) 2021, which ends on March 31, 2022, amid a strong vaccine drive," ADB said in...