Asian Development Outlook 2009 Update: Rebalancing Asia’s Growth
Asian Development Outlook 2009: Rebalancing Asia’s Growth ADB News 22 September 2009 Resilient Asia Poised to Lead Recovery from Global Slowdown, Says ADB: HONG KONG, CHINA – Developing Asia is proving to be more resilient to the global downturn than was initially thought, the Asian Development Bank (ADB) says in a new major report. The Update to ADB's flagship annual economic publication,Asian Development Outlook (2009), released today, forecasts economic expansion in developing Asia to come in at 3.9% in 2009, up from the 3.4% expected in March when the ADO 2009 was released. In 2010, the growth projection is likewise upgraded to 6.4% from 6.0%. Stronger growth in East Asia and South Asia underpinned the improved prospects.