Toy seller in front of government slogan, Beijing, July 09
Government stimulus packages have helped to boost domestic demand
The economies of China and India are set to grow by more than previously thought in 2009, the Asian Development Bank (ADB) has said.
Government spending in developing Asian economies had enhanced the region’s growth prospects, it said.
It now expects China to grow by 8.2% in 2009, up from an earlier forecast of 7%. India’s forecast has been raised to 6% from 5%.
But it also warned governments not to withdraw stimulus policies too soon.
“Expansionary fiscal and monetary policies have softened the blow of the global slump on the economy,” the ADB said in its updated annual outlook.
“A surge in bank lending and vigorous fixed-asset investment has maintained growth at a higher pace than was expected in March.”
But it added: “This is not the time for an exit from expansionary policies – the recovery remains fragile and subject to serious downside risks.”
The ADB raised its growth forecasts for the region to 3.9% in 2009, from its previous forecast of 3.4%. It also raised its 2010 forecasts to 6.4% from its previous estimate of 6%. –BBC News
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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