Emerging Asia will maintain its strong economic growth in 2015 and 2016, supported by soft commodity prices and recovery in the major industrial economies, a new report from the Asian Development Bank (ADB) says. The ADB’s annual economic report, Asian Development Outlook 2015 (ADO), released on Tuesday, forecasts gross domestic product (GDP) growth in emerging … Continue reading
Last week, on November 4 the International Monetary Fund (IMF) released the Regional Economic Outlook for the Middle East and Central Asia where they project that growth will fall to about 5.5% this year and next. Part of the region’s problems are close ties with Russia. “Weaker growth in the Caucasus And Central Asia (CCA) region stems from the economic … Continue reading