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On the Global Financial and Economic Crisis
The Asian Development Bank on the global financial and economic crisis 2008-2009
From the Asian Development Bank
The Global Economic Crisis
Implications for Asia-Pacific and ADB

The Economic Slowdown Increases Poverty in Asia and Pacific
ADB estimates that the projected GDP decline in the region will result in 2009 with 62.3 million more very poor ($1.25) and 81.5 million $2 poor people in Asia and Pacific compared to a scenario when the high growth rates of 2007 would have continued. The respective figures for 2010 would be 99.9 million very poor and 131.3 million vulnerable poor people. The food price crisis of 2008, which is not yet really over in its structural dimension, may further aggravate the situation.

Read the report with the Poverty Scenarios




Asian Development Outlook 2009:
Rebalancing Asia's Growth

The global economy is in the grip of a major downturn, dimming the outlook for growth around the world, including Asia. Coming straight after the food and fuel price shock in 2008, the financial crisis could also significantly set back the fight against poverty.
ADB forecasts for 2009 that GDP growth will be 3 percentage points lower than in 2007 and 1 percentage point lower than in 2008. Each 1 percent drop in growth could trap another 21 million in poverty. Learn more in AEM 2008 and Special Note: Developing Asia's Prospects.
These complex economic challenges require coordinated action at the global, regional, and country levels...
The global financial crisis of 2008/2009 presents developing Asia with its most difficult economic challenges in the last half century. Today’s crisis is broader, deeper, and more complex than the Asian financial crisis of 1997-1998. Impacts are on the financial systems, the real economy and on social development and people.

On Development Economics
The Future of Development Economics
The New Economy in Development
The Need to Rethink Development Economics
Development Economics
Economic Literacy
Basic knowledge on economics

RRojas Databank is a member of Development Gateway hosted by The World Bank

Education for Sustainability
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Back to Global Economic Prospects for Develeping Countries

--World Investment Reports
---(the complete series)

--World Investment Reports
---(selected statistics)

-- Planning for Development
UNCTAD areas of work:
Globalization and Development
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Puro Chile la memoria del pueblo
Proyecto para el Primer Siglo Popular

Director: Róbinson Rojas


Puro Chile la mémoire du peuple
Projet pour le Premier Sičcle Populaire

Editeur: Róbinson Rojas