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ADB Releases Asian Development Outlook

Published on December 15, 2022
Current Context: The Asian Development Bank (ADB) published its “Asian Development Outlook (ADO) Supplement, December 2022- Global Gloom Dims Asian Prospects”.
ADB Releases Asian Development Outlook
  • In the report, the ADB downgraded the GDP growth forecast of Asia from 4.3% to 4.2% for 2022.
  • It also downgraded the GDP growth forecast of Asia from 4.9% to 4.6% for 2022.
  • The ADB further lowered the inflation forecast for Asia and the Pacific to 4.4% from 4.5% for 2022.
  • The ADB did not change its earlier forecast regarding the GDP forecast for India and maintained it at:
  1. 7% for 2022
  2. 7.2% for 2023
  • According to the report, the inflation rates in India were forecasted to be:
  1. 6.7% for 2022
  2. 5.8% for 2023
  • ADB was established in 1966 with its headquarters in Metro Manila (Mandaluyong), Philippines. The current President of the organization is Masatsugu Asakawa.


Q.1 According to the ADB the GDP growth forecast for India in 2022 is?
a. 6.6%
b. 6.8%
c. 7.0%
d. 7.2%
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