Comments
The Asian Development Bank has projected a near 7 per cent growth for the Asia-Pacific region during 2012.
The ADB President, Mr Haruhiko Kuroda, said the Asian Development Outlook (ADO) forecasts a “healthy GDP of 6.9 per cent for developing Asia and the Pacific in the 2012” and an accelerated 7.3 per cent growth in 2013.
He said Asia and the Pacific region would maintain its growth momentum despite issues elsewhere in the world and emphasised the need to make growth in the region more inclusive.
Mr Kuroda was addressing the media at the 45th Annual Meeting of the ADB here.
However, “the very drivers of Asia’s economic success — new technology, globalisation and market-oriented reforms — have also served to create and increase disparities within and among Asian economies,” he cautioned.
He suggested remedies through investment in education to reduce inequality in human capital, infrastructure investments to makes services and opportunities accessible to all and measures to make growth more employment friendly.
Mr Kuroda said inclusive growth will be another key focus of this year’s annual meeting.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.