Developing Asia to grow by 5.2 pct in 2022: ADB

**This is a 60-seconds sample of the video. For the full version, please contact us.**

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

  • Product Code
  • ILEA000950735
  • Registered date
  • 2022/4/06 00:00:00
  • Credit
  • Xinhua / Kyodo News Images
  • Media source
  • Xinhua News Agency.All Rights Reserved
  • Media size
  • 1920 × 1080 pixel
  • Deployment size
  • 180.06(MB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos

    Turkish central bank keeps policy rate unchanged at 50 pct

    STORY: Turkish central bank keeps policy rate unchanged at 50 pct SHOOTING TIME: File DATELINE: May 24, 2024 LENGTH: 00:01:06 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish central bank 2. various of Turkish lira 3. various of Turkish central bank 4. various of Turkish lira 5. various of Turkish central bank STORYLINE: Türkiye's central bank announced on Thursday that it would keep its interest rate unchanged at 50 percent, which is in line with market expectations. "Considering the lagged effects of the monetary tightening, the committee decided to keep the policy rate unchanged but reiterated that it remains highly attentive to inflation risks," the bank said in a statement. The bank said that the underlying trend of monthly inflation registered a limited decline in April, while the recent indicators point to a slowdown in domestic demand compared to the first quarter. Meanwhile, consumption goods imports increased in April, limiting the improvement in the current account balance.

      Nigerian central bank further raises interest rate to over 26 pct

      STORY: Nigerian central bank further raises interest rate to over 26 pct SHOOTING TIME: May 22, 2024 DATELINE: May 23, 2024 LENGTH: 00:01:09 LOCATION: Abuja CATEGORY: ECONOMY SHOTLIST: 1. various of a busy street in Nigeria 2. various of the central bank building 3. various of press briefing by central bank officials 4. SOUNDBITE (English): YEMI CARDOSO, Governor of the Central Bank of Nigeria STORYLINE: Nigeria's central bank on Tuesday further raised the benchmark interest rate, pushing it by 150 basis points to 26.25 percent, in a move to combat the country's persistent inflation. This latest hike marks a continuation of Nigeria's aggressive monetary tightening strategy aimed at stabilizing the economy. It is the third consecutive one this year, since February, to raise the baseline interest rate known as the monetary policy rate. Yemi Cardoso, governor of the Central Bank of Nigeria, who chairs the Monetary Policy Committee, told the media at the end of a meeting in the capital of Abuja that th

        Tokyo stocks end lower over higher Japanese interest rates

        STORY: Tokyo stocks end lower over higher Japanese interest rates SHOOTING TIME: recent footage DATELINE: May 23, 2024 LENGTH: 00:01:13 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Tokyo 2. various of Tokyo Stock Exchange STORYLINE: Tokyo stocks closed lower on Wednesday, weighed down by concern over higher borrowing costs after Japan's benchmark bond yield touched the 1 percent threshold for the first time in around 11 years. Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 329.83 points, or 0.85 percent, from Tuesday at 38,617.10. The broader Topix index, meanwhile, finished 22.36 points, or 0.81 percent, lower at 2,737.36. The yield on Japan's benchmark 10-year government bond hit 1 percent on Wednesday for the first time since May 2013 amid speculation that the Bank of Japan is moving to normalize its monetary policy, sending stocks lower by fueling concern over higher borrowing costs, analysts said. Market watchers here noted stocks

          Italy's economy performs well but slowdown expected: IMF

          STORY: Italy's economy performs well but slowdown expected: IMF SHOOTING TIME: May 21, 2024 DATELINE: May 22, 2024 LENGTH: 00:00:49 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of stores in Rome STORYLINE: The International Monetary Fund (IMF) on Monday said that while Italy had good recoveries from economic shocks in recent years, the economy's prospects were only "moderate" going forward. In its annual Staff Concluding Statement, the IMF said that Italy recovered from the back-to-back shocks of the coronavirus pandemic and the spike in energy prices sparked by the Ukraine crisis and that as of the end of the first quarter of this year, its economy was 4.5 percent larger than before the pandemic -- "a stronger performance than in other large euro-area countries," the IMF said in a statement. That growth, the fund said, was fueled by a recovery in tourism, tax credits, and projects funded by European Union (EU) pandemic recovery loans and grants. But the IMF said Italy was unlikely to

            Nigeria inaugurates key gas projects to increase supply by over 25 pct

            STORY: Nigeria inaugurates key gas projects to increase supply by over 25 pct SHOOTING TIME: May 15, 2024 DATELINE: May 17, 2024 LENGTH: 0:02:32 LOCATION: Abuja CATEGORY: SOCIETY/ECONOMY SHOTLIST: 1. various of the virtual inauguration ceremony of the projects 2. various of the gas projects 3. SOUNDBITE (English): BOLA TINUBU, President of Nigeria STORYLINE: Nigerian President Bola Tinubu has inaugurated three pivotal gas projects in an ambitious move to support the most populous African nation's energy sector and promote industrial growth. The simultaneous inauguration of the expanded AHL Gas Processing Plant, the ANOH Gas Processing Plant and the 23.3-km ANOH to Obiafu-Obrikom-Oben (OB3) Custody Transfer Metering Station Gas Pipeline, all in the southeastern part of the country, was chaired virtually by Tinubu from his office in Abuja, the Nigerian capital, Wednesday. SOUNDBITE (English): BOLA TINUBU, President of Nigeria "In practical terms, this is more gas to the power sector, more gas to industr

              Japan's economy contracts annualized 2 pct in January-March

              STORY: Japan's economy contracts annualized 2 pct in January-March SHOOTING TIME: April 30 & May 4, 2024 DATELINE: May 16, 2024 LENGTH: 00:02:42 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street view in Tokyo 2. various of banks in Tokyo STORYLINE: Japan's economy shrank by an annualized 2.0 percent in the January-March period from the prior quarter, marking the first contraction in two quarters amid sluggish consumer spending, the latest GDP figures showed Thursday. Real gross domestic product (GDP) in this year's first quarter, adjusted for inflation, fell 0.5 percent from the previous quarter, according to preliminary data released by the Cabinet Office. Private consumption, which accounts for more than half of Japan's GDP, dropped 0.7 percent. It was the fourth straight quarter of decline, the longest streak since 2009, underscoring sluggish domestic demand. Capital spending fell 0.8 percent, down for the first time in two quarters, as Japanese firms curbed investment in mach

                India's wholesale inflation rises to 1.26 pct in April

                STORY: India's wholesale inflation rises to 1.26 pct in April SHOOTING TIME: Recent footage DATELINE: May 16, 2024 LENGTH: 0:01:11 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of the wholesale market 3. various of fuel station STORYLINE: India's wholesale price index (WPI) rose 1.26 percent in April, according to data released Tuesday by the Federal Ministry of Commerce and Industry. "The annual rate of inflation based on all India WPI number is 1.26 percent (provisional) for the month of April 2024 (over April 2023)," read a statement issued by the ministry. "Positive rate of inflation in April 2024 is primarily due to increase in prices of food articles, electricity, crude petroleum and natural gas, manufacture of food products, other manufacturing etc." WPI for the month of March was recorded as 0.53 percent. WPI inflation, an indicator of prices in the wholesale market, rises or falls mainly due to steep increase or decrease in commodity prices globall

                  Australian inflation projected to fall below 3 pct in 2024

                  STORY: Australian inflation projected to fall below 3 pct in 2024 SHOOTING TIME: May 13, 2024 DATELINE: May 15, 2024 LENGTH: 00:01:21 LOCATION: Canberra CATEGORY: ECONOMY SHOTLIST: 1. various of grocery stores in Canberra 2. various of a shopping center in Canberra 3. various of a petrol station in Canberra STORYLINE: Australia's inflation rate is set to return to the central bank's target band by the end of 2024, the government has forecast. According to projections released by the Treasury on Sunday, inflation will fall to 2.75 percent by December and to 2.5 percent by the end of 2025. The Treasury projections suggest that inflation will fall back to the Reserve Bank of Australia's target band of 2-3 percent one year earlier than forecast by the bank in its outlook published earlier in May. The central bank's forecast does not account for unannounced measures included in Chalmer's budget whereas the Treasury's does. "Inflation is still the big near-term challenge in our economy which is

                    India's retail inflation eases to 4.83 pct in April

                    STORY: India's retail inflation eases to 4.83 pct in April SHOOTING TIME: Recent footage DATELINE: May 14, 2024 LENGTH: 00:01:20 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of the India Gate 2. various of a market STORYLINE: India's retail inflation eased to 4.83 percent in April, the latest government data showed Monday. The Consumer Price Index (CPI)-based inflation for April stood at 4.83 percent, compared with 4.85 percent recorded in March, according to the data released by the federal ministry of statistics and program implementation (MoSPI). The food inflation rose to 8.70 percent in April from 8.52 percent in March, the data showed. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

                      China's Yangtze River Delta aims for integrated, high-quality development

                      STORY: China's Yangtze River Delta aims for integrated, high-quality development SHOOTING TIME: April 11, 2024 DATELINE: May 11, 2024 LENGTH: 00:01:46 LOCATION: SHANGHAI, China CATEGORY: ECONOMY SHOTLIST: 1. various of the Yangtze River Delta 2. SOUNDBITE 1 (Chinese): ZHANG MIZHI, Director of Statistical Evaluation Laboratory, Shanghai Institute for Science of Science 3. SOUNDBITE 2 (Chinese): JIA ZHANFENG, Deputy director of Joint Conference Office of G60 Science and Technology Innovation Corridor STORYLINE: The Yangtze River Delta is one of the most vibrant, open and innovative city clusters in China. It has matured into a pacesetter of high-quality development and reaped major benefits from its integrated development, which was established six years ago as a national strategy. The Yangtze River Delta region takes up only 4 percent of China's land area but contributes about 25 percent of national GDP. It encompasses Shanghai Municipality, the provinces of Jiangsu, Zhejiang and Anhui. SOUNDBITE 1 (Chin