The Asian Development Bank revised the projections regarding the economic growth and inflation for the developing economies of Asia and the Pacific. The institution foresees the economic activity in the region continues to grow propelled by the domestic demand and increases 4,8% this year and slows down marginally in 2024 as a result of the slower pace of the external demand of manufactured products and, especially, of electronic products. As regards the growth of the consumer prices, the ADB estimates that in 2023 the inflation will reach 3,6% whereas it would be 3,4% in 2024.
Venezuela Becomes India’s Fourth Strategic Crude Supplier Amid Global Energy Realignment
A sharp increase in bilateral shipments during the second quarter of 2026 positions Venezuelan crude as a key alternative for Indian supply, historically accounting for nearly 80% of the Asian nation’s total imports from the South American country.
