Trade Lifting Developing Asia`s Growth as ADB Upgrades GDP Forecast
(WorldNews Politics)

MANILA, PHILIPPINES (13 December 2017)- The Asian Development Bank (ADB) forecasts that economic expansion in developing Asia will accelerate to 6% in 2017 as stronger than expected exports and domestic consumption fuel growth. Excluding Asia`s newly industrialized economies, growth is now expected at 6.5% this year, according to a new ADB report. In a supplement to its Asian Development Outlook Update 2017 report, ADB upgrades its 2017 growth domestic product (GDP) outlook in the region by 0.1 percentage points compared to its September 2017 forecast, while its 2018 forecast remains unchanged at 5.8%. An unexpectedly strong expansion in Central, East, and Southeast Asia has offset a...