Asian Development Outlook (ADO) 2019 Supplement, December: Growth Slows Further in Developing Asia’s Giants
Developing Asia's gross domestic product is projected to grow by 5.2% both in 2019 and 2020 as a slowing of global economic activity tempers regional growth, according to the Asian Development Outlook (ADO) 2019 Supplement. In South Asia, growth forecasts have been lowered to 6.1% in 2020. Strong remittances in Bangladesh will raise domestic demand, while in Bhutan, hydropower production rose to 3.1% in Q1 of FY2020 (ending 30 June 2020). Growth in India is expected to recover to 6.5% in 2020 with government policy measures, such as a corporate tax cutt and policy rate reduction. In Maldives, tourism remains strong. Foreign direct investments surged in Nepal while a recovery in economic activity is projected in Sri Lanka.
Author: Asian Development Bank
Tags: ADB, South Asia, Hydropower, Tourism, Investment, Bangladesh, Bhutan, Maldives, Nepal, Sri Lanka
World Bank East Asia and Pacific Economic Update, October 2019: Weathering Growing Risks
Amid weakening global demand and policy uncertainty regarding trade tensions, growth in developing East Asia and Pacific region slowed in the first half of 2019. There is a need to address vulnerabilities and preserve economic dynamism in developing economies in the region. In Myanmar, GDP growth will reach 6.8% in 2021/2022 with the projected pick-up in agriculture. Policy measures to encourage investment, such as those for the energy sector, are expected to strengthen Myanmar’s manufacturing and construction sectors.
Author: World Bank
Tags: Energy, Investment, Myanmar, WB
Integrated Check-Posts on the India-Bangladesh Border: a Field Survey and Brief Analysis
Integrated Check-Posts (ICPs) are designed to be one-stop solutions that house all regulatory agencies, including immigration, customs, and border security. India is in the process of establishing ICPs to efficiently manage crossings along its land borders. The country has identified 20 checkpoints for development as ICPs, including 10 that are on the India–Bangladesh border. This report studies the impact of the ICPs on activities along the India-Bangladesh border and suggests ways to improve efficiency of ICPs.
Author: Joyeeta Bhattacharjee
Tags: Bangladesh, Customs, Trade Facilitation, India
Key Indicators for Asia and the Pacific 2019
This report presents the latest economic, financial, social, and environmental statistics, and includes sustainable development goals indicators, for the 49 regional members of the Asian Development Bank (ADB). Remittances have been a stable source of revenue for Asia and the Pacific, with India being the top recipient of remittances globally at $78.6 billion in 2018. In 2017, foreign direct investment (FDI) in the region rose to $541.9 billion, although FDI flows have been more volatile compared to remittance flows. This report uses domestic value-added via forward linkages (DVA_F) to discuss the evolution of global value chains in Asia. In 2018, almost a third of the DVA_F generated in Asia stayed within the region, representing 39.0% of the total domestic value-added sent to the region. It shows the importance of intraregional trade for Asia, as Asia's trade connection to North America is weakening.
Author: Asian Development Bank
Tags: ADB, India, South Asia, Sustainable Development Goals, Trade