Growth prospects for developing Asia are looking up, bolstered by a revival in world trade and strong momentum in China, the Asian Development Bank (ADB) said in its Asian Development Outlook (ADO) 2017 Update released on September 26.
ADB raises Asia growth forecast (Source: Cnbc.com)
Hanoi (VNA) – Growth prospects for developing Asia are looking up,bolstered by a revival in world trade and strong momentum in China, the AsianDevelopment Bank (ADB) said in its Asian Development Outlook (ADO) 2017 Updatereleased on September 26.
The region isforecast to expand by 5.9 percent in 2017 and 5.8 percent in 2018, a slightupgrade from the ADO announced in April.
SoutheastAsia is expected to grow by 5.0 percent in 2017, 0.2 percentage points higherthan ADO 2017 forecasts and by 5.1 percent in 2018.
The ADOUpdate indicated that over 400 million Asians live without electricity, 300million without safe drinking water, and a staggering 1.5 billion without basicsanitation.
The regionwill need to invest an estimated 1.7 trillion USD annually through 2030 tomaintain its growth momentum, reduce poverty, and respond to climate change.
DevelopingAsia also must mobilize 500 billion USD annually to meet its infrastructureneeds.-VNA
The Asian Development Bank (ADB) upgraded its growth outlook for Asia from 5.7 percent to 5.9 percent in 2017 and from 5.7 percent to 5.8 percent for 2018 in a new report released on July 19.
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The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
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In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
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The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
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ADB raises Asia growth forecast (Source: Cnbc.com) 
