Positive Outlook from the Asian Development Bank
THE Asian Development Bank (ADB) has projected a 5 percent growth in the Philippines Gross Domestic Product (GDP) over the next three years in the face of a strong economic rebound in the region.
Despite high oil prices and the devastating tsunami, the ADB projects that developing countries in Asia will experience robust growth in 2005 and continue a healthy expansion in 2006-2007. It says the Asian region should achieve an overall economic expansion of 6.5 to 6.9 percent in 2005-2007 on the back of buoyant domestic demand and further strengthening of intra-regional trade.
The upbeat outlook draws on the strong growth momentum gained through spectacular economic …
The rest of this article is only available to active members of Questia
Sign up now for a free, 1-day trial and receive full access to:
- Questia's entire collection
- Automatic bibliography creation
- More helpful research tools like notes, citations, and highlights
- Ad-free environment
Already a member? Log in now.
Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information:
Article title: Positive Outlook from the Asian Development Bank.
Contributors: Not available.
Newspaper title: Manila Bulletin.
Publication date: April 29, 2005.
Page number: Not available.
© 2009 Manila Bulletin Publishing Corp.
COPYRIGHT 2005 Gale Group.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.
One moment ...
- Georgia
- Arial
- Times New Roman
- Verdana
- Courier/monospaced
Reset