In the Spotlight
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.
The annual Asian Development Outlook presents an analysis of developing Asia's recent economic performance plus its prospects for the next 2 years. This Update shows whether these forecasts were met, explaining divergence between forecasts and the actual outturn, and firms the forecasts for the next 18 months or so.
A urban metabolism approach based on material flow analysis was applied to six Asian cities—Bangalore, Bangkok, Ho Chi Minh City, Manila, Seoul and Shanghai. This approach provides a better understanding of how the use of natural resources correlates with urban economic activities, as it maps the activities of cities ranging from their consumption of materials, to the different activities associated with those processes and the wastes produced.
As Asian economies become increasingly urbanized, the welfare of the millions of urban poor will depend on how Asia and the Pacific and the rest of the world prepares for and manages this phenomenon. This background study looks at the different dimensions of poverty across the region and analyzes the effects of recent urbanization trends on GDP growth and income levels.