COVID-19’s global economic impact could reach $8.8 trillion, says ADB

The Asian Development Bank (ADB) doubled its estimate of the impact of the coronavirus pandemic on global economy, saying it expected economic losses of between i $5.8 trillion to $8.8 trillion, or 6.4% to 9.7% of global gross domestic product (GDP). Economies with domestic outbreaks and strict lockdowns will be hardest hit as domestic demand […]

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ADB triples COVID-19 response package to $20 billion

The Asian Development Bank (ADB) tripled the size of its response to the novel coronavirus disease (COVID-19) pandemic to $20 billion and approved measures to streamline its operations for quicker and more flexible delivery of assistance. The package expands ADB’s $6.5 billion initial response announced on 18 March, adding $13.5 billion in resources to help ADB’s developing […]

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India’s growth to slow to 4% in FY2020, recover to 6.2% in FY2021 – ADB

The Asian Development Bank (ADB) projects India’s gross domestic product (GDP) will slow to 4.0% in fiscal year (FY) 2020 ending on 31 March 2021 due to a weak global environment and continued efforts to contain the novel coronavirus (COVID-19) outbreak in the country. The forecast assumes that the pandemic dissipates and full economic activity […]

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Developing Asia growth to fall in 2020 on COVID-19 impact; China at 2.3%, India at 4%, says ADB

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Regional economic growth in developing Asia will decline sharply in 2020 due to the effects of the novel coronavirus (COVID-19) pandemic, before recovering in 2021, according to the Asian Development Outlook (ADO) 2020, the Asian Development Bank’s (ADB) annual flagship economic publication. The report forecasts regional growth of 2.2% in 2020, a downward revision of 3.3 […]

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ADB trims growth forecasts as Asia’s biggest economies slow; India lowered to 5.1%

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The Asian Development Bank (ADB) has trimmed its forecasts for economic growth in developing Asia this year and next year as growth in the People’s Republic of China (PRC) and India is weighed down by both external and domestic factors. In a supplement to its Asian Development Outlook 2019 Update released in September, ADB now expects gross domestic product […]

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IMF and ADB are hopeful of India but predict a synchronised slowdown by 70% of global economy

The performance of Indian economy in terms of standard economic parameters like GDP, consumption, investment, per capita income, inflation, current account deficit and fiscal deficit can be termed as reasonably good specifically while comparing with the result sheets of other economies, advanced or developing. There are, however, concerns on the sustainability of these indices in […]

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China’s growth to moderate in 2019 and 2020 amid dimmer global outlook — ADB

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Economic growth in China is expected to moderate in the next two years as global growth slows and trade tensions with the United States (US) weigh on trade and investment, according to the Asian Development Bank (ADB). In its Asian Development Outlook (ADO) 2019, ADB projects gross domestic product (GDP) growth for the world’s second largest […]

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Domestic demand to lift India’s economic growth in 2019 and 2020 — ADB

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Recent policy measures by the government to improve the investment climate and boost private consumption and investment will help India to lift economic growth in the next two fiscal years, according to a new report from the Asian Development Bank (ADB). In its Asian Development Outlook (ADO) 2019, ADB projects gross domestic product (GDP) growth in […]

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Slower global demand pulls down developing Asia’s growth prospects — ADB

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Growth remains strong across most of developing Asia but is set to moderate this year and next year against the backdrop of slowing global demand and persistent trade tensions, according to a new Asian Development Bank (ADB) report. The latest Asian Development Outlook (ADO) 2019, ADB’s flagship economic publication, forecasts that growth in the region will soften […]

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India’s economic growth to hit 7.6% in FY2019: ADB

India is expected to grow at a healthy 7.3 per cent in fiscal year (FY) 2018 helped by improved domestic demand, steady revival in industrial growth and reduced drag from net exports, according to a recently released Asian Development Bank (ADB) report. In an update to its flagship annual economic publication, Asian Development Outlook (ADO) […]

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