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Asian Development Outlook (ADO) 2006 Archives
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Apr29
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Apr 8
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Despite the fact that Sri Lankan government is engaged into a massive infrastructure rebuilding program after the devastation of Tsunami, Sri Lankan GDP growth remains to be healthy (in the range of 5%-6%). ADB thinks that for , civil war is a larger threat than Tsunami.
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The only good news for Nepalese economy according to ADB report is that in FY 2007, GDP growth may reach to 3.4%. This will happen only if Nepalese government can manage to reach a peaceful solution to the violent conflict.
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Apr 7
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Pakistan had 8.4% GDP growth in FY2005 (ended 30 June 2005) and it was the highest in the last two decades. However, ADB has predicted a growth rate of 6.5% for FY 2006 and 7.3% for FY 2007.
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Before Tsunami hit along with the other parts of
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7.6% is not bad but I am sure that most Indians would prefer a growth rate of 8% or higher. ADB report clearly states, "The annual average growth rate over 2006–2010 is unlikely to exceed 8–8.5%."
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