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
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
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
