Outlook positive for Asia's developing economies: ADB

Tokyo

ASIA'S developing economies will continue to grow steadily this year and the next, despite widespread fallout from the shock of "Brexit", and inflation will accelerate on the back of recovering oil and food prices, the Asian Development Bank (ADB) suggested in a report on Monday.

India and Pakistan will continue to be the most powerful growth engines in the region, and China will register solid - if not spectacular - growth, said the Manila-based development bank in its latest Asian Development Outlook (ADO).