Myanmar's inflation rate estimated to rise within 2 years: ADB

Myanmar's inflation rate estimated to rise within 2 years: ADB

China, which is rebalancing its economy to growth led by consumption rather than exports, is expected to grow 6.5 percent this year, the ADB said.

Public investment is expected to strengthen through fiscal expansion as the authorities speed up their implementation of infrastructure projects, according to the forecast.

It said 30 of the 45 countries covered in the report would see sustained growth that would help offset the gradual slowdown in China, Asia's biggest economy. However, the continued structural reform would help in maintaining growth in the government's target range there.

"The impact of the demonetisation of high value banknotes is dissipating as the replacement banknotes enter circulation", said the ADB in its Asian Development Outlook, 2017 that was released on Thursday.

Aekapol Chongvilaivan, economist for the Philippine country office, said economic dampeners affecting the Philippines this year are more external than internal.

"While the short-term economic growth outlook for the Cambodian economy remains strong, labor costs and skills shortages are increasing", Mr. Tukuafu said. Among its beneficiaries are commodity producers such as Indonesia, Malaysia and Vietnam.

COMPARISONS Philippine projections compare favorably against most regional averages for this year and next. "A significant increase in the current account deficit could pose a risk to official exchange reserves, which peaked at $18.9 billion in October 2016 and then slid by $1.3 billion by February 2017".

"The GDP growth is expected to moderate to 6.9 percent in 2016-17 fiscal as domestic demand is rising in a slower way and the remittance inflow falling", the outlook said. Pacific economies are also expected to rebound in 2017, with Papua New Guinea seen recovering from the contraction that hit the oil and gas sector in 2016.

Hyperloop One Looks At 11 Possible Routes Through US
The 11 finalists were developed by independent teams, and were selected based on perceived feasibility, according to Electrek . Hyperloop tubes during a test at the Hyperloop One Test and Safety site, Las Vegas, Nevada, May 11.

The Federal Reserve hiked U.S. rates a notch in mid-March, its second tightening in three months.

Risks to the outlook include higher United States interest rates, which will accelerate capital outflows, although this risk is mitigated to some degree by abundant liquidity throughout the region.

If those rate increases come more rapidly because of stronger than expected USA economic growth, the "sharper than expected monetary tightening could have further consequences for developing Asia", the ADB said in its Asian Development Outlook.

USA monetary tightening could send Asian currencies falling against the greenback, but economies with more open capital accounts are bound to experience the biggest currency slides. It brings the ADB story to the Filipino through highlights of its history, key events, and operations, and how it has improved lives in Asia and the Pacific over the years.

On the domestic front, rising household debt in some Asian economies is a rising risk.

"We forecast consumption growth will be very robust but will moderate from past year".

Azerbaijan became an ADB member on December 22, 1999.

Related Articles

  • NVidia Announces New Titan Xp 2.0 (Early 2017 Edition) GPU

    NVidia Announces New Titan Xp 2.0 (Early 2017 Edition) GPU

    This comes despite the fact that Apple hasn't sold a Mac Pro that can officially accept a PCIe video card in nearly half a decade. In previous generations, NVIDIA's Titan graphics cards would represent the company's unequivocal best graphics cards for gaming.
    'It's why we have Trump': Asian guest turned away by lodge owner

    'It's why we have Trump': Asian guest turned away by lodge owner

    Suh was also issued a refund, as well as money for a hotel for the nights the group was supposed to stay with Racist Tami. In line with our non-discrimination policy, this host has been permanently removed from the Airbnb platform".
    Hack caused Dallas' emergency sirens to sound in error

    Hack caused Dallas' emergency sirens to sound in error

    Outdoor emergency warning sirens went off across Dallas late Friday, despite no severe weather or any other live emergency threat. The city also reminded residents that they may hear sirens again as engineers determine if the system is functioning properly.
  • Where is California Leadership on Ag Water Conservation?

    Urban Californians responded to the drought with a almost 25 percent average reduction in water use across the state. The governor's proclamation comes after one of the wettest and snowiest winters in the state's recorded history.
    Derek Jeter has interest in acquiring Marlins

    Derek Jeter has interest in acquiring Marlins

    Now the club is talking to a handful of suitors about buying the franchise from Loria, who has owned the team since 2002. Mattingly said they speak about once a year. "And if that's the case, I wish him the best of luck".
    Hundreds march in Amsterdam to support beaten gay couple

    Hundreds march in Amsterdam to support beaten gay couple

    Dutch male politicians , police and diplomats have openly come out in support of gay rights after a brutal attack on a gay couple. A touching act of solidarity for the Dutch LGBT community in the wake of a vicious assault has ignited a worldwide trend.
  • Griezmann to lead Atletico against Real Madrid in derby

    Griezmann to lead Atletico against Real Madrid in derby

    The giants of the Spanish capital go head to head on Saturday as Real Madrid host Atletico Madrid at the iconic Bernabeu. We're on top of it and we hope that both stay on four yellow cards until the end of the season.
    55% Americans approve of Obamacare now

    55% Americans approve of Obamacare now

    Mark Sanford of SC said: 'I've heard nothing of substance at this point that would break the logjam'. Conservatives have argued that such requirements have the effect of inflating insurance costs.

    Giraffe watch: Distracted April's rear end shows 'significant' bulging

    It's been more than a month since the park shared the news of April's impending birth with the world, via social media. The 8-year-old giraffe named Orla gave birth to a baby boy at the Chester Zoo while the cameras were waiting.
  • Meet Mike Conaway, GOP Congressman Now Overseeing House's Russia Probe

    The California Republican alerted the White House of his decision Thursday morning, a senior administration official told CNN. Schiff (Calif.), commended Nunes for stepping down "in the best interests of the committee, and I respect that decision".
    KFC promises to ditch to antibiotic-laden chicken

    KFC promises to ditch to antibiotic-laden chicken

    By the end of 2018, all chicken purchased by KFC in the US will be raised without antibiotics important to human medicine. This means KFC's change in policy will affect a larger number of chickens than the company purchases itself.

    Modi meets Bangladesh PM

    However, much-delayed pact on the Teesta water sharing remained elusive for the two sides. Both parties will together sign 25 pacts regarding civil nuclear cooperation, defence.