MANILA (Reuters) – The Asian Development Bank (ADB) has cut its growth forecast for Southeast Asia this year, as the Thai coup, Indonesia’s mineral export ban and industrial park riots in Vietnam take a toll.
In its 2014 outlook supplement, the ADB said on Friday that the region is now expected to grow 4.7 percent this year, compared to its forecast in April of 5.0 percent. Growth in 2015 in Southeast Asia is still expected to be around 5.4 percent.
Expectations of economic reform by Prime Minister Narendra Modi’s new government mean that the Manila-based lender has raised its 2015 growth forecast for India to 6.3 percent from 6.0 percent, though 2014 is still expected to see 5.5 percent expansion.
The ADB kept its growth forecast for China at 7.5 percent in 2014 and 7.4 percent in 2015.
For developing Asia as a whole, the 2014 and 2015 expectations for GDP growth were maintained at 6.2 percent and 6.4 percent respectively. Inflation in the region in 2014 is now forecast to be a touch lower at 3.5 percent, compared to the 3.6 percent seen in April.
The report is available on the ADB’s website: www.adb.org
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!
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July
3 July – International Day of Cooperatives
3 July – 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
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