Asian Development Outlook (ADO) 2019: Strengthening Disaster Resilience
ADB’s flagship economic publication provides a comprehensive analysis of macroeconomic issues in developing Asia, including economic growth projections and prospects by country and region.
Developing Asia continues to post strong growth, but growth is expected to moderate given softer global economic activity and prolonged trade tensions.
With the region facing ever-higher disaster risks, developing Asia urgently needs to build its resilience before catastrophe strikes through better planning, setting aside government budget, and encouraging insurance, says a new research.
Growth in the People’s Republic of China is expected to moderate in the next two years as global growth slows and trade tensions with the United States weigh on trade and investment, according to ADB.