Asian Development Outlook report- Update Current Affairs, GK & News

Asian Development Outlook report- Update

On December 14, 2021, the Asian Development Bank released its Asian Development Outlook Report and reduced its growth forecasts for developing Asia for year 2021. Key Points This move came in line with the uncertainty that new Omicron coronavirus variant has brought. ADB now sees 2021 gross domestic product (GDP) growth of 7.0% for developing ..

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ADB releases updated Asian Development Outlook

The updated Asian Development Outlook predicts that developing economies will faster than China. Key findings For the first time in 30 years, rest of developing Asia will grow at faster pace than China. Previously, when China’s growth fell to 3.9 per cent in 1990, the GDP of the rest of Asia witnessed a 6.9 per ..