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VIENTIANE (Vientiane Times/ANN): The Asian Development Bank (ADB) is optimistic about the growth of the Lao economy amid the Covid-19 crisis and lockdown measures imposed to contain the spread of the Coronavirus. According to the ADB’s Asian Development Outlook (ADO) 2021, which was unveiled on Wednesday (April 28), the Lao economy is projected to grow at 4.0 percent in 2021 and 4.5 per cent in 2022. The projection is based on improved agricultural production and sustained power generation, which will offset a slow recovery in services amid the pandemic. The projected recovery follows a 0.5...

Pandemic pushes back gains in poverty reduction — ADB Louise Maureen Simeon © AFP/ File Pandemic pushes back gains in poverty reduction — ADB MANILA, Philippines — Developing economies in Asia-Pacific, including the Philippines, need to strive harder to address inequality as decades worth of gains in reducing poverty have been pushed back due to the pandemic. In yesterday’s virtual discussion organized by BusinessWorld in partnership with The STAR, Asian Development Bank (ADB) chief economist Yasuyuki Sawada said the pandemic has been highlighting social inequality ...

India's economy to grow by 11% in the current fiscal The Asian Development Bank (ADB) has projected that India's gross domestic product (GDP) will rebound strongly by 11 per cent in 2021-22 due to continued economic recovery boosted by increased public investment, vaccine rollout, and a surge in domestic demand. The forecast, which has appeared in its publication titled "Asian Development Outlook 2021", assumes that this would happen once vaccines are deployed extensively across the country and the second wave of the coronavirus disease (COVID-19) pandemic is contained. ADB has also pred...

Four Percent GDP Growth Hinges on Current Outbreak, ADB Says 28 April 2021 VOA Khmer Garment factory workers and staff wait to receive China's Sinovac coronavirus disease (COVID-19) vaccine at an industrial park in Phnom Penh, Cambodia, April 7, 2021. REUTERS/Cindy Liu Share share PHNOM PENH, CAMBODIA —  The Cambodian economy will rebound by 4 percent this year, according to an Asian Development Bank forecast, depending on how long the current COVID-19 cluster persists. Experts at the Asian Development Bank said on Wednesday the 4 percent figure was based on statistical inputs and figures ...

Share this article Share this article ResearchAndMarkets.com's offering. Globally, during the outlook period 2020-2024, a total of 316 key crude and natural gas offshore projects are expected to start operations in 46 countries. Among these, 131 represent the number of planned offshore projects with identified development plans (post-FID) and 185 represent the number of early-stage announced offshore projects that are undergoing conceptual studies and that are yet to be approved for development (pre-FID). The key offshore projects across the globe are expected to contribute about 26.6 milli...