The Asian Development Bank revised its economic growth outlook for developing Asia down slightly to 7.0% this year and 5.3% next year, after renewed outbreaks of COVID-19 led to slower growth in the third quarter.
Recently a petition was filed by MNS office-bearer Keshav Ramesh Muley in Bombay High Court and he demands that Ludo be declared a “game of chance and not a game of skill”. Soon after the news broke out, people on social media started sharing some hilarious memes and comments.
The economic decline in the north Pacific is forecast to end in 2022 as the COVID-19 vaccine rollout allows travel and trade to resume, says a new report by the Asian Development Bank released today.
Polynesia Facing Slow Economic Recovery from COVID ADB
News Release | 29 April 2021
MANILA, PHILIPPINES (29 April 2021) The economic recovery from the coronavirus disease (COVID-19) pandemic in tourism-dependent Polynesian countries will be slow, with continued support needed to allow the private sector to drive future economic growth, says a new Asian Development Bank (ADB) report.
The
Asian Development Outlook (ADO) 2021, ADB’s flagship annual economic analysis, projects the economies of the Cook Islands, Niue, Samoa, and Tonga will continue to decline in 2021 with economic contraction and fiscal deficits deepening. The report predicts the resumption of international travel will see gross domestic product (GDP) return to positive growth in each country in 2022, but their economies will still be smaller than before the outbreak of the pandemic.