{"id":3237,"date":"2024-06-14T00:06:02","date_gmt":"2024-06-14T00:06:02","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=3237"},"modified":"2024-06-14T00:06:02","modified_gmt":"2024-06-14T00:06:02","slug":"asian-development-outlook-report-update","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/asian-development-outlook-report-update\/","title":{"rendered":"Asian Development Outlook report- Update"},"content":{"rendered":"<p>The Asian  released its Asian Development Outlook Report and reduced its <a href=\"https:\/\/exam.pscnotes.com\/growth\">Growth<\/a> forecasts for developing Asia for year 2021.<\/p>\n<p>This move came in line with the uncertainty that new Omicron coronavirus variant has brought.<\/p>\n<p>ADB now sees 2021 gross domestic product (GDP) growth of 7.0% <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> for developing Asia, as opposed to 7.1% forecast.<\/p>\n<p>For 2022, it forecasted the growth of 5.3%.<\/p>\n<p>Most of developing Asias subregions are expected to grow slower than previous forecast in 2021.<\/p>\n<p>ADB has projected Chinas growth as 8.0% in 2021 and will slow down to 5.3% in 2022. Chinas <a href=\"https:\/\/exam.pscnotes.com\/economy\">economy<\/a>, which staged an impressive rebound from last years pandemic slump, has lost momentum in recent months as it grapples with surging prices, a slowing manufacturing sector, debt problems in the property market and persistent COVID-19 outbreaks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Asian released its Asian Development Outlook Report and reduced its Growth forecasts for developing Asia for year 2021. This move came in line with the uncertainty that new Omicron coronavirus variant has brought. ADB now sees 2021 gross domestic product (GDP) Join Our Telegram Channel Subscribe on YouTube growth of 7.0% for developing Asia, &#8230; <a title=\"Asian Development Outlook report- Update\" class=\"read-more\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/asian-development-outlook-report-update\/\">Read more <span class=\"screen-reader-text\">Asian Development Outlook report- Update<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[595],"tags":[824],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Asian Development Outlook report- Update - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/asian-development-outlook-report-update\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Asian Development Outlook report- Update\" \/>\n<meta property=\"og:description\" content=\"The Asian released its Asian Development Outlook Report and reduced its Growth forecasts for developing Asia for year 2021. 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 Asia, as opposed to 7.1% forecast. For 2022, ... 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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 Asia, as opposed to 7.1% forecast. For 2022, ... 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