by Teuvo Tuomi | Apr 17, 2024 | ASEAN, Asia, Economy, News, Southeast Asia, Visions
According to the new Asian Development Outlook (ADO) by the Asian Development Bank (ADB), developing economies in Asia and the Pacific are forecast to expand by 4.9% on average this year as the region continues its growth amid robust domestic demand, improving...
by Teuvo Tuomi | Jan 10, 2024 | ASEAN, Economy, News, Southeast Asia
The Asian Development Bank (ADB) has lowered the growth outlook for Southeast Asia in 2023 from 4.6% to 4.3%. This is mainly due to weak demand for manufacturing exports. Southeast Asia’s growth forecast for 2024 has also been revised down to 4.7% from 4.8% because of...
by Teuvo Tuomi | Dec 29, 2023 | Laos, Economy, Travel
Laos continues faces surging inflation, a scarcity of labor, and an expanding trade deficit. In response, the nation has initiated the Visit Lao Year 2024 campaign, turning to tourism as a key strategy to overcome economic obstacles. The government officially...
