Asian Development Bank
Asia to keep growth in face of global headwinds: ADB
Emerging Asian economies will experience flat growth this year before recovering in 2013, the Asian Development Bank (ADB) said in a regional report released on Wednesday.
Philippine economic growth seen 4.8pc in 2012, 5pc in 2013
Increased public spending, investment, and private consumption will lift economic growth in the Philippines over the next two years, but long-standing structural weaknesses remain an obstacle to reaching the government's 7-8 percent growth target, the Asian Development Bank (ADB) says in a major new report.
ADB's Asian Development Outlook 2012 (ADO 2012) said gross domestic product (GDP) growth for the Philippines is estimated to recover to 4.8 percent in 2012 and 5 percent in 2013, after posting a lackluster 3.7 percent in 2011.
ADB warns of possible spike in food prices
The Asian Development Bank has warned that Indonesia and other nations in Southeast Asia should be prepared for a possible rise in food prices, which might stoke inflation.
Changyong Rhee, chief economist at the Manila-based lender, said on Monday that the global financial turmoil, marked by the euro zone debt crisis and a possible slowdown in the US economy, might increase the volatility of prices for food and other commodities.
Export slump may hit Malaysia growth in 2012, says ADB
The Asian Development Bank (ADB) has forecast growth of 4.7 percent for Malaysia next year, down slightly from 4.8 percent in 2011, due to a potential slump in exports to the advanced economies of US and Europe.
The bank said in its report on Asia macroeconomic development released on Tuesday that while US economic growth could strengthen somewhat, the euro zone will likely fall into either a brief recession or a more severe long-term downturn.
Developing Asia lags in "quality employment", the Asian Development Bank says
Developing Asia has averaged 6.4-percent economic growth and 1.5-percent increases in annual employment over the past 18 years but lags behind the world in terms of "quality employment", the Asian Development Bank said on Monday.
Asia to account for half of world GDP by 2050, ADB says
Asia will account for half of all global economic output by 2050 if it can maintain its current growth rate, the Asian Development Bank (ADB) has predicted.
It said Asia's gross domestic product (GDP) could increase from USD17 trillion in 2010 to USD174 trillion in 2050.
The ADB added income levels in Asia could match those in Europe today.
7 economies central to Asia's rise by 2050, says ADB
Seven economies are the potential drivers of Asia's rise over the next 40 years into a powerhouse that accounts for just over half of global output, the Asian Development Bank (ADB) said in a report released on Wednesday.
In the report on Asia in 2050, the ADB said the dominant economies needed to avoid falling into the middle-income trap that has seen the development of other emerging markets stall.
Vietnam trims growth forecast
Vietnam trimmed its economic growth forecast and sharply raised inflation expectations, as the government battles to restore economic stability.
The country is now targeting gross domestic product growth of 6.5 percent this year, from an initial target range of 7-7.5 percent, Minister of Planning and Investment Vo Hong Phuc said on Tuesday at an annual meeting of the Asian Development Bank.
Asian Development Bank chief warns on inflation, capital flows
Asian governments must keep a tight rein on inflation and may need to consider controls on capital flooding into the region, the Asian Development Bank chief said on Tuesday.
The Manila-based bank, which aims to reduce regional poverty, said last week that governments had already moved to soften the impact of food inflation through measures including tax cuts for food, setting price controls and introducing subsidies.
But it said more needed to be done in the region, which has rebounded rapidly from the 2008 global economic crisis.
Rising food prices to affect India's growth next year
Rising global food prices in 2011 are likely to have greater repercussions on India's economic growth in 2012 than the current year, unlike countries like Singapore, says a report from the Asian Development Bank (ADB).
