In the Spotlight
The growth outlook for developing Asia and the Pacific remains steady, even though momentum slowed in the second half of 2014, but the declining oil prices represent a golden opportunity for many beneficial reforms, ADB says in a new report.
Emerging East Asia’s local currency bond markets are resilient but a faster-than-expected US interest rate hike and a stronger dollar could pose problems. ADB's Asia Bond Monitor reviews recent developments in East Asian local currency bond markets along with the outlook, risks, and policy options. This latest Asia Bond Monitor includes a special section on the AsianBondsOnline Bond Market Liquidity Survey.
Slowing demand from advanced economies accentuates the need for Asia to rebalance its sources of growth more toward domestic and regional demand. Cross-border trade flows and investment bolstered Asia’s economic integration. Developing Asia’s resilient growth is partly due to stronger domestic and regional demand, although it varies across subregions.
Asia and the Pacific is expected to be hit hard by the impacts of climate change, with seven of the top ten vulnerable countries in the world being in the region. Showcasing technologies that can be used to address such impacts across the six sectors of agriculture, coastal resources, human health, transportation, water resources, and disaster risk management, this publication presents solutions that may serve to demystify the technologies surrounding adaptation options.