2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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World Bank
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ADB
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IMF
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AIIB
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Detailed explanation-1: -Recently, the World Bank in its report South Asia Economic Focus (Bi- Annual) cut its economic growth forecast for India and the whole South Asian region.
Detailed explanation-2: -Developing Asia Outlook The 2022 forecast for Southeast Asia is upgraded from 5.1% to 5.5% on robust consumption and tourism recovery in Malaysia, the Philippines, Thailand, and Viet Nam. The 2023 forecast is revised down to 4.7% as global demand weakens.
Detailed explanation-3: -Vietnam: Vietnam’s growth will exceed expectations this year as it emerges from the pandemic. Prime Minister Pham Minh Chinh is confident Vietnam’s growth will exceed expectations this year, and retain the title of Southeast Asia’s fastest-growing economy through next year, as it emerges from the pandemic.