Smooth sailing for Asia developing economies

FROM now through to 2015, Asia's developing countries can be reassured by a stable economic outlook, according to the Asian Development Bank's latest Asian Development Outlook (ADO) published on Thursday.

Underpinning this forecast is ADB's view that China will slow down only fractionally while India will continue to pick up speed.

Addressing what is possibly the biggest potential short-term threat to emerging economies, the ADO said: "Asian financial markets have taken the winding down of unconventional US monetary policy in their stride" and that, barring any monetary surprises in the US, should continue to adjust smoothly.