"Developing Asia's recovery phase remains vulnerable to shocks, " the bank said in its Asian Development Outlook report.
Published recently, the Asian Development Outlook 1999, the Asian Development Bank's annual examination of development problems facing the region, provides a comprehensive review of the various proposals and blueprints.
CNN: This monetary body would limit Crisis spillover effects
The Asian Development Outlook 2009 forecasts that economic growth in developing Asia will slip to 3.4 percent in 2009, down from 6.3 percent last year and 9.5 percent in 2007.
During the World Economic Forum, the Director-General will attend several high-profile sessions on the global development outlook and the post-2015 agenda, as well as on urban development and bolstering ocean resilience.
With unemployment falling to a five year-low - below four million - and some economists predicting a growth rate of 2.8% this year, the rosy economic outlook is a positive development.
The parent of America's fourth-largest wireless operator, T-Mobile USA, cited "the extremely competitive environment in Germany and the recent foreign exchange rates development" as reasons for altering its outlook.
Hurt by falling demand for its office and hotel properties, plus pricey investments in cold storage and residential development, Crescent Real Estate Equities cut its earnings outlook for 2001 by 13% and its dividend by 32% in October.
The Economic Outlook from the Organisation for Economic Cooperation and Development, released Wednesday, paints a picture of pain for some economies as major nations struggle to emerge from recession and unemployment in Europe soars to record levels.
The bright spot in all this is that local businesspeople have found creative ways to come up with jobs, support for education -- and a fresh outlook on economic opportunity: n As head of the Littleton Industrial Development Corp.
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