INQUIRER.net: Asian economies to rebound but recovery fragile- ADB

INQUIRER.net Philippine News for Filipinos

Asian economies to rebound but recovery fragile- ADB Apr 9th 2013, 01:53 Hong Kong - The Asian Development Bank said Tuesday the region's emerging economies would pick up this year but warned that the recovery remained fragile due to the eurozone crisis and tensions in Asia.   The Manila-based lender said in its latest forecast that the uptick in China's economy and "robust growth" in Southeast Asia would lead expansion in the region, which would be also boosted by strong domestic consumption.   The ADB estimated that the gross domestic product (GDP) for developing Asia, which covers 45 nations, was set to grow at 6.6 percent this year before edging up to 6.7 percent in 2014.   The region's growth slowed to 6.1 percent las... Keep on reading: Asian economies to rebound but recovery fragile- ADB Media files: Asian-Development-Bank.jpg (image/jpeg)

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