Asia to post economic rebound this year: ADB

Published by rudy Date posted on January 15, 2010

MANILA, Philippines – Prospects are bright for Asian economies this year as the region is expected to post higher growth compared to 2009.

Haruhiko Kuroda, president of the Asian Development Bank (ADB), said Asia as a whole is likely to expand by 6.6% in 2010 after posting a 4.5% growth last year.

“Asia has begun its emergence from the global downturn. As such, we believe this to be the opportune time to share experiences and determine ways to further strengthen the region in the months and years ahead,” Kuroda told reporters on Thursday.

Despite this, however, Kuroda warned that this projected recovery has an “underlying fragility.”

“For one thing, while China, India, Indonesia, and some of the smaller economies are doing well, others are still struggling,” he said.

Given this, Kuroda urged Asian nations to enhance domestic and regional demand as well as time its exit strategies for enhanced resilience in the coming years.

Resilience

Compared to most regions, Asia has showed remarkable resiliency during the global economic crisis.

Research group Centennial Asia Advisors, in a report to the ADB, said Asian countries have “built more shock absorbers” and “reduced the number of shock amplifiers in their economies,” thanks to its stronger financial sectors, political stability, and improved regulatory policies.

“Our view is that in our baseline scenario of global recovery interspersed with financial and other stresses, Asian economic growth can continue to recovery smartly into 2011,” the group said.

Aside from these, Centennial Asia cited the region’s “increased diversity of demand” and improved macroeconomic policy regimes, which contributed to greater resilience.

“While still having relatively high inflation, central banks in the region have performed better than in the past to keep inflation under control,” the group said. –Karen Flores, abs-cbnNEWS.com

July 2025

Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”

Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.

Accept National Unity Government (NUG)
of Myanmar.  Reject Military!

#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos

Time to support & empower survivors. Time to spark a global conversation. Time for #GenerationEquality to #orangetheworld!

July


3 July – International Day of Cooperatives
3 Ju
ly – International Plastic Bag Free Day
 
5 July –
World Youth Skills Day 
7 July – Global Forgiveness Day
11 July – World Population Day 
17 July – World Day for
International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons 


Monthly Observances:

Schools Safety Month

Nutrition Month
National Disaster Consciousness Month

Weekly Observances:

Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week

 

Daily Observances:

First Saturday of July:
International Cooperative Day
in the Philippines

Categories

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.