Economics and Statistics

Special Note to the Asia Economic Monitor:
Developing Asia's Prospects in the Global Slowdown

As the deepening financial crisis intensifies its grip on the global economy, its effects have begun to be felt by Asian economies. In light of this, the Asian Development Bank (ADB) established a Regional Economic Outlook Task Force. The task force reassessed ADB’s medium-term growth projections for developing Asia, the most recent of which were published in the Asian Development Outlook 2008 Update in September 2008. This special note provides revised estimates of the growth prospects for developing Asia in 2009.

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