MANILA: The coronavirus pandemic and rise in cost of living have pushed close to 70 million more people in developing Asia into extreme poverty as of last year, the Asian Development Bank said, eroding efforts to combat deprivation. In a new report released on Thursday, the
New Delhi: The Asian Development Bank (ADB) on Wednesday slashed India’s GDP growth forecast for FY23 to 7 per cent from the earlier estimate of 7.2 per cent mainly on account of higher inflation and a tight monetary policy. India’s economy grew 13.5 per cent year-on-year
Manila: The pandemic has set back the fight against poverty in the Asia-Pacific region by at least two years, and many nations will find it harder to escape poverty, the Asian Development Bank (ADB) said on Wednesday. Had the pandemic not happened, the proportion of people