Developing Asia to grow by 5.2 pct in 2022: ADB

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Developing Asia to grow by 5.2 pct in 2022: ADB

STORY: Developing Asia to grow by 5.2 pct in 2022: ADB DATELINE: April 6, 2022 LENGTH: 00:02:48 LOCATION: Manila CATEGORY: ECONOMY SHOTLIST: 1. footage of ADB 2. aerial footage of the Philippines 3. footage of a port in Manila 4. Manila streets STORYLINE: Developing Asia's economy is forecast to grow by 5.2 percent this year and 5.3 percent in 2023, according to an Asian Development Bank (ADB) report released on Wednesday. The Asian Development Outlook (ADO) 2022, the Manila-based bank's flagship annual economic publication, says gross domestic product (GDP) in the region will expand "on continued recovery in domestic demand and solid exports." In 2021, developing Asia's economy rebounded by 6.9 percent, but the report says the recovery is still "largely incomplete in most regions." The report predicts inflation to rise to 3.7 percent in 2022 and 3.1 percent in 2023 as the economic recovery continues and energy, commodity prices remain elevated. It warns that rising inflationary pressures and supply dis

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