CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
According to the Asian Development Bank, which nation emerged as the fastest growing economy among the 45 countries of the Asia-Pacific region?
A
China
B
Bangladesh
C
Japan
D
India
Explanation: 

Detailed explanation-1: -Bangladesh has emerged as the fastest growing economy among the 45 countries of the Asia-Pacific region according to Asian Development Bank (ADB).

Detailed explanation-2: -China is a key growth driver for Asia Over the past decade China has contributed one-third of global growth. This fast-growing GDP can be partly explained by the rapid accumulation of wealth in Asia.

Detailed explanation-3: -It also provides financing to certain private sector projects as well as public-private partnerships through grants, loans, technical assistance, and equity investments to promote development. The ADB is controlled by member countries, with the U.S. and Japan having the largest stake.

Detailed explanation-4: -1. India expected to be world’s fastest growing economy in 2023. India is set to be the world’s fastest growing major economy in the year ahead, as a post-pandemic retail boom and recent bank balance-sheet repairs lure new investment.

There is 1 question to complete.