Smooth sailing for Asia developing economies
ADB: China growth will slow slightly while India will speed up further
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
New Articles
Aims Apac Reit posts 10.2% lower H2 DPU on enlarged unit base
Singapore top recipient of Q1 cross-border investments in Apac: Knight Frank
Dasin Retail Trust’s trustee-manager chairman, directors deny allegations of misconduct
Keppel Infrastructure Trust posts 29.1% lower Q1 distributable income
Bitcoin faces worst month since FTX crash with ETF demand cooling
AIA launches wealth centre targeting high-net-worth clients