ADB: Slowdown mars poverty reduction goals in Asia

(AP) – MANILA, Philippines – Large pockets of extreme poverty and hunger persist in Asia, where the global downturn makes it more difficult to achieve U.N. goals to reduce the ranks of the poor, the Asian Development Bank said Wednesday. Supporting smaller businesses, where most Asians are employed, is key to fueling domestic demand and growth, the Manila-based lender said in a report on key economic indicators. In 19 Asian economies, including the most populous China and India, more than 10 percent of people live on less than $1.25 a day and more than 10 percent are malnourished. This is despite the region’s success over the last 15 years in cutting the number of poor from one in two to…

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ADB: Slowdown mars poverty reduction goals in Asia

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