ADB

Economics

ADB predicts 4.6% growth in Southeast Asia but warns of increasing risks

The growth forecast for Thailand has been revised upward from 3.3% to 3.5% for the year 2023, and it is expected to remain at 3.7% for the year 2024.

Asian Development Bank and Headline Editor
September 20, 2023

How COVID-19 Pushed 4.7 million More People in Southeast Asia into Extreme Poverty

Two years after the pandemic began, the report says growth prospects are brighter for economies with widespread technology adoption, resilient merchandise exports, or rich natural resources

Asian Development Bank
April 3, 2022

ADB launches $9 billion vaccine initiative for Developing Asia

ADB’s $9 billion vaccine initiative, the Asia Pacific Vaccine Access Facility, or APVAX, will provide a comprehensive program to support developing Asia’s vaccine process.

Asian Development Bank
December 13, 2020

Developing Asia’s Economy to Contract 0.7% in 2020 (ADB)

Economies across developing Asia will contract this year for the first time since 1960, according to a report released by the Asian Development Bank (ADB) today.

Boris Sullivan
September 15, 2020

Economics

Developing Asia to Grow 0.1% in 2020, Thailand to shrink 6.5%

Developing Asia is expected to grow by 0.1% this year, the slowest rate since 1961 while Southeast Asia is expected to contract by 2.7%

Olivier Languepin
June 18, 2020

Economics

COVID-19 Economic Impact Could Reach $253 Billion in Southeast Asia, says ADB

The cost of the coronavirus pandemic could reach as much as $253 million, or almost 7.2% of GDP in Southeast Asia, and between 158 million to 242 million jobs could be lost globally, with 70% of those in Asia and the Pacific, according to the ADB.