Asia-Pacific To Grow 5.7% In 2019: ADB

The Asia-Pacific region s expected to grow at 5.7% in 2019. According to the bank’s Asian Development Outlook 2019 report released in April, developing Asia which comprises 45 nations ranging from China to Tuvalu is projected to grow by 5.7% in 2019. However, the growth outlook for developing Asia is expected to moderate to 5.6 % in 2020.

Source: CNBC

Static/Current Takeaways Important for LIC AAO Exam:

  • Takehiko Nakao is the President and Chairperson of the Asian Development Bank.
  • Headquarters: Mandaluyong, Metro Manila, Philippines.

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