Developing Asian economies to contract less than expected: ADB World

Developing Asian economies to contract less than expected: ADB

Economic activity in developing Asia is forecast to contract by 0.4 percent this year, an improvement from the -0.7 percent gross domestic product (GDP) growth forecast in September, according to a report released by the Asian Development Bank (ADB).
ADB forecasts Vietnam’s economic growth at 1.8 percent in 2020 Business

ADB forecasts Vietnam’s economic growth at 1.8 percent in 2020

Vietnam’s economy is forecast to expand 1.8 percent in 2020 amid the coronavirus and bounce back in next year, while economies across developing Asia will contract this year for the first time in nearly six decades but recovery will resume next year, according to a recent report released by the Asian Development Bank (ADB).
Indonesia hosts workshop on Asia’s economic-trade policies World

Indonesia hosts workshop on Asia’s economic-trade policies

Priorities in Asia’s trade and economic policies in 2020 were the focus of a workshop which was held late October in Jakarta, Indonesia, attracting the participation of Indonesian and foreign economists and scholars, besides Indonesian policy makers and foreign diplomats.
ADB cuts Southeast Asia growth forecast World

ADB cuts Southeast Asia growth forecast

The Asian Development Bank (ADB) has revised down its forecast on economic growth in Southeast Asia to 4.5 percent compared with a previous forecast of 4.8 percent and from last year's 5.1 percent pace.
Vietnam among Asia’s growth leaders Videos

Vietnam among Asia’s growth leaders

In a recent article, New York-based media firm Bloomberg has cited IMF outlook that Southeast Asia, including Vietnam, is taking over as the region’s growth leader.