Please fill in your details to download the Table of Contents of this report for free. We also do customization of these reports so you can write to us at email@example.com in case you need any other additional information.
“Asian economies continue their robust expansion in the face of global economic uncertainties,” said ADB deputy chief economist Juzhong Zhuang. “Structural reforms to boost productivity, improve investment climate, and support domestic demand can help maintain growth momentum into the future.”
Combined growth for the major industrial economies exceeded expectations in the Update, ticking up 0.1 percentage point to 1.5 per cent in 2016. Growth in 2017 is maintained at 1.8 per cent. Robust consumer spending supported the US economy, with supportive monetary policy and improved labour markets fuelling growth in the euro area. Japan’s expansion, meanwhile, will be buoyed by strong exports, despite the stronger local currency, the report said.
While downgrading its forecast for South Asia from 6.9 per cent to 6.6 per cent in 2016, the report adds that growth will bounce bank next year, reaching 7.3 per cent. On India, the report expects the effects of the transition to be short-lived, and projects the economy to grow at 7.8 per cent in 2017.
Growth in China—the world’s second largest economy—is expected to hit 6.6 per cent this year, driven by strong domestic consumption, solid wage growth, urban job creation, and public infrastructure investment. “The forecast for China in 2017 is maintained at 6.4 per cent,” the report states.
In Southeast Asia, growth forecasts remain unchanged at 4.5 per cent in 2016 and 4.6 per cent in 2017. Likewise, the outlook in Central Asia is maintained at 1.5 per cent in 2016 and 2.6 per cent in 2017. The Pacific will see growth of 2.7 per cent in 2016, picking up to 3.3 per cent in 2017. (RKS)
Fibre2Fashion News Desk – India
| On 3rd Dec 2020
China has overtaken the United States in the third quarter of this...
Vietnam's textile and garment industry is predicted to earn $33.5-$34 ...
Uzbekistan's Textile-Contact Company recently signed a $12-million...
e-Commerce is still evolving fast with constant flux and surprises
There's lot more potential in women than what we are witnessing today
'In export markets, the trend in terms of embroidery, is towards matte...
Suresh P Bagrecha
Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...
Valter De Carli
Savio Macchine Tessili is at the head of a group that holds a know-how of...
The mission of Swiss company Datacolor is to empower its customers to make ...
<div>RocketLife, an award-winning developer of breakthrough visual...
Loomia designs and manufactures soft circuit systems that can be produced...
Schlegel und Partner GmbH
<div>Schlegel und Partner is the market research and consultancy company...
India Boulevard is a San Francisco-based curated fashion marketplace that...
Rupa Sood and Sharan Apparao
Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...
Somaiya Kala Vidya
Among the many honours showered on Frater, including Fulbright and Ford...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.