ADB keeps Asia 2017 growth outlook at 5.9%, but flags risks

Manila

DEVELOPING Asia is on track to grow faster this year and next, the Asian Development Bank said on Tuesday, buoyed by a pick-up in world trade and China's expansion, but it flagged risks from tightening US monetary policy.

Developing Asia is expected to grow by 5.9 and 5.8 per cent in 2017 and 2018, respectively, the Manila-based lender said.