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Tuesday, April 16, 2024 | Daily Newspaper published by GPPC Doha, Qatar.

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Damage in Israeli air base after Iran attack

Israeli army footage of what it says is the damage caused by the Iranian attack on the Nevatim Air Base, which was launched late Saturday in retaliation for a deadly air strike widely blamed on Israel that destroyed its consular building in Syria's capital early this month. AFP

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Six months of bloodshed: The toll on Gaza’s children

The bloodiest ever Gaza war which broke out over six months ago has taken an appalling toll on children. NGO Save the Children estimates that some 26,000 children have been killed or injured in the war, 17,000 have been orphaned, according to UNICEF, and 1 in 3 children under two years old in northern Gaza is suffering from acute malnutrition. In total, at least 33,207 people have been killed in the besieged Palestinian territory in Israel's retaliatory campaign for the October 7 attack, according to Hamas-run Gaza's health ministry. The unprecedented Hamas raid on southern Israel resulted in the deaths of 1,170 Israelis and foreigners, most of them civilians, according to an AFP tally based on official Israeli figures. AFP

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Gazans struggle to secure flour for daily bread

"I spent the night on Kuwait Roundabout to secure this bag of flour", says a Palestinian in Gaza City carrying a bag of flour he managed to get from an aid truck. A UN-backed report warned that half of Gazans are experiencing "catastrophic" hunger, with famine projected to hit the north of the territory unless there is urgent intervention. AFP

People walk past an office and shopping complex in Beijing. China remains a weight on the regional growth outlook as a protracted property crisis and other challenges keep the world’s No 2 economy from mounting a strong economic revival, the ADB said.

ADB forecasts developing Asia growth at 4.9% in 2024, says risks persist

Developing Asia’s growth this year is expected to be slightly stronger than previously forecast as healthy domestic demand in many economies offsets the property-driven slowdown in China, the Asian Development Bank (ADB) said on Thursday.The ADB nudged up its 2024 growth forecast for Developing Asia to 4.9% from 4.8% projected in December, but warned of persistent challenges such as rising geopolitical tensions, including in the Middle East, that could disrupt supply chains and reignite inflation. The Manila-based lender’s 2024 growth forecast was slightly weaker than the region’s 5.0% growth in 2023. Growth for 2025 was also forecast at 4.9%. “Growth in developing Asia will remain robust this year, in spite of uncertainty in the external environment,” ADB Chief Economist Albert Park said in the Asian Development Outlook report. “The end of interest-rate hiking cycles in most economies as well as continued recovery in goods exports from an upturn in the semiconductor cycle will support growth,” Park said.China remains a weight on the regional growth outlook as a protracted property crisis and other challenges keep the world’s No 2 economy from mounting a strong economic revival, the ADB said.ADB Principal Economist John Beirne, in a briefing ahead of the report’s release, said Wednesday’s cut by Fitch of its outlook on China’s sovereign credit rating to negative was concerning for investor sentiment. “It can have additional problems that are already apparent in the property sector, and certainly it’s not helpful when we consider local government debts and sustainability of debt and cost of sovereign borrowing,” Beirne said.The ADB forecast China would grow 4.8% in 2024. That is higher than its 4.5% estimate made in December, but slower than growth of 5.2% in 2023. It expects the Chinese economy to lose more steam next year, with growth seen slowing to 4.5%, “driven by the weak property market and amplified by fading domestic consumption growth after last year’s reopening”, the ADB said.The ADB forecast regional inflation would slow to 3.2% in 2024 from 3.3% in 2023, and ease further to 3.0% in 2025.

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