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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.

Question:

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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