Thailand's economic growth is projected at 3.3% this year and 3.7% in 2024 as a recovery in tourism and private consumption help offset a slowdown in exports, according to the Asian Development Bank (ADB).
VIENTIANE (Vientiane Times/Asia News Network): The Asian Development Bank (ADB) is maintaining its economic growth forecast for Laos, while the outlook for consumer prices has worsened, according to the Asian Development Outlook (ADO) 2022 Supplement released on Thursday (Dec 15).
While the pandemic has caused enormous economic, health, and social strains on Asia and the Pacific, the region’s response also highlighted the benefits of cooperation.
Deployment of migrant workers from Asia is slowly getting back on track after plummeting due to the Covid-19 pandemic during the first quarter of 2020. Some countries are recording departures of migrant workers exceeding pre-pandemic levels.