Developing Asia to fuel global growth but risks ahead: ADB

Developing Asian countries will drive the world economy in the next two years, the Asian Development Bank said Thursday, but it warned of uncertainties from the United States and Europe. Its flagship Asian Development Outlook said India, Malaysia, Indonesia and Vietnam will be behind an expected 5.7 percent increase in Asia-Pacific gross domestic product, with China's expansion seen moderating. "Developing Asia continues to drive the global economy even as the region adjusts to a more consumption-driven economy in the People's Republic of China," ADB's chief economist, Yasuyuki Sawada, said in a statement published Thursday.

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