2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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According to the the annual Asian Development Outlook report 2019 of ADB, which country has emerged as the fastest growing economy in the Asia-Pacific region?
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Japan
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Bangladesh
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India
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Indonesia
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Explanation:
Detailed explanation-1: -After slowing from 6.2% in 2017 to 5.9% in 2018, growth decelerated further to 5.4% in the first half of 2019 in the economies of developing Asia that release quarterly GDP data. Exports and investment faltered in many economies across the region, leaving private consumption as the main support for continued growth.
Detailed explanation-2: -In this report, ADB has lowered its forecasts for economic growth in developing Asia and the Pacific to 4.3% in 2022 and 4.9% in 2023, amid mounting challenges.
There is 1 question to complete.