Space porn: These images are (quite literally) out of this world
MANILA, Philippines (AP) — The Asian Development Bank cut growth forecast for developing Asia on Thursday, citing Europe’s worsening financial crisis, sluggish recovery in the U.S. and slower growth in China and India.
The Manila-based lending institution predicted that the region’s economies will expand by 6.6 percent this year and 7.1 percent next year. The figures are lower than the bank’s growth outlook announced in April of 6.9 percent this year and 7.3 percent in 2013.
The report said economic growth in developing Asia moderated during the first half of 2012 as slower growth in the United States and the eurozone reduced demand for the region’s exports.
“Worries over the economic strength of important developing economies have also emerged recently,” it added.
Slower growth in Asia’s two largest economies, China and India, and the effects of the unwinding of policy stimulus in some countries hampered the region’s development in the first half of the year, the bank said.
It lowered the 2012 growth outlook for China from 8.5 percent to 8.2 percent, and next year’s growth from 8.7 percent to 8.5 percent.
The report noted a fall in China’s net exports, industrial production and fixed asset investment. But it said government spending on health, education and big infrastructure projects should give its economy some boost.
India’s outlook is clouded by a combination of high inflation and poor external and internal demand, with the economy expected to grow 6.5 percent this year and 7.3 percent next year. That’s down from the earlier forecast of 7 percent for 2012 and 7.5 percent for 2013.
The report said the weaker global environment is expected to affect growth in Southeast Asia but domestic demand and reconstruction activities should keep the economic output robust. The economies are seen to post growth of 5.2 percent in 2012 and 5.6 percent in 2013, virtually unchanged from April.
A strong rebound in Thailand, healthy growth in the Philippines, and increasing consumer demand in Indonesia have aided the Southeast Asian economies, the bank said.
Forty-five economies in Asia and the Pacific make up developing Asia.
NASA astronaut Mike Hopkins
On December 28, 2013, Expedition 38 crew member Mike Hopkins participating in the second of two space walks to replace a degraded pump module on the International Space Station. (NASA astronaut Rick Mastracchio is reflected in his helmet!)
The Soyuz TMA-10M
The Soyuz TMA-10M headed towards the International Space Station with crew members from Expedition 37 onboard.
40 years ago the Apollo 8 mission flew up to the moon, orbited it ten times and then returned to Earth. This picture was taken from that flight and shows the Earth as it seemingly rises in similar fashion to a sunrise.
Sunrise from Expedition 36
NASA Flight Engineer Karen L. Nyberg of Expedition 36 took this photo of the sun rising -- a sight they saw nearly 16 times per day due to the speed of the International Space Station's orbit around the earth.
A pair of NanoRacks CubeSats -- nanosattelite spacecrafts carrying experiments -- were launched by Expedition 38.