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.
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.