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28 Apr 2021 / 10:22 H. Bernama KUALA LUMPUR: Developing Asia’s gross domestic product (GDP) is set to rebound to 7.3 per cent this year and moderate to a growth of 5.3 per cent next year, the Asian Development Bank (ADB) said. According to its flagship economic publication, the Asian Development Outlook (ADO) 2021, the region’s economic revival is underway, supported by a healthy global recovery and progress on vaccines. ADB said recovery has begun in developing Asia, but at different speeds, with growth is forecast to be strongest in East and South Asia, and more moderate in Central, ...

MANILA (April 28):  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 D...

India's GDP is expected to expand at 7 per cent for FY2022, Asian Development Bank said New Delhi: The Indian economy is projected to grow at 11 per cent in the current financial year amid the "strong" vaccine drive, Asian Development Bank (ADB) said 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 per cent in fiscal year (FY) 2021, which ends on March 31, 2022, amid a strong vaccine drive," ADB said in its flagship Asian Development Outlook (ADO) 2021 released on Wednesday. However,...

Synopsis Further, it said the gross domestic product (GDP) of South Asia is expected to rebound to 9.5 % this year, following a contraction of 6 % in 2020, before moderating to 6.6 % next year (2022), it said. Getty Images The Indian economy is projected to grow at 11 % 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 % in fiscal year (FY) 2021, which ends on March 31, 2022, amid a strong vaccine drive," ADB said ...

News Release | 28 April 2021 MANILA, PHILIPPINES (28 April 2021) — Green and social finance must be nurtured to ensure that Asia and the Pacific's recovery from the coronavirus disease (COVID-19) pandemic is inclusive, resilient, and sustainable, according to Governments should use policies to support the development of social and green finance—financing instruments designed to promote environmental and social goals—according to the report’s theme chapter, Financing a Green and Inclusive Recovery. The report urges governments to use fiscal measures, legislation, and regulation to ac...