Debt has ballooned in developing Asia following the 2008-2009 global financial crisis, supported by plentiful global liquidity. With the US Federal Reserve about to raise interest rates, data from the Asian Development Outlook 2015 gives a clearer picture about the possibility of a credit slowdown in the region.
Immediately after the devastating 25 April earthquake in Nepal, ADB made an initial assessment of how the catastrophe would affect the country’s economic growth. Here’s an update on the background, needs, and priorities following last week’s strong aftershock.
What effects will the recent earthquake in Nepal have over the agriculture, industry, and services sectors? Here’s an update on our initial economic assessment from three weeks ago.
Inflation is expected to rise significantly after the recent earthquake in Nepal, which will also have an impact on the country’s external sector balance and fiscal balance. Check out our updated analysis.
For the benefits of recent economic growth to become more widely distributed, Papua New Guinea needs further reforms to promote the development of its private sector.
Two months after the catastrophic 7.8 magnitude earthquake that struck Nepal on 25 April, the government and development partners including ADB are now publishing the definitive report on the tremor’s impact.
The total pledged amount exceeds the public sector recovery needs in the medium term, but a much higher sum will be required the long term to build back better with earthquake-resilient public infrastructure.
After years of smooth sailing through calm market conditions, bond markets in East Asia are navigating through stormier weather. ADB data released this week shows that weaker growth in the US and the PRC has weighed down overall regional growth.
The Chinese economy is slowing down, and this is likely going to have a noticeable effect on the world economy and especially globally integrated economies in developing Asia. An analysis by ADB Chief Economist Shang-Jin Wei.
The catastrophic April earthquake has added a new challenge to Nepal’s short-to-medium term economic and development prospects, currently threatened by political tension over the new constitution.