
INTERNATIONAL - The Asian Development Bank (ADB) said yesterday developing Asia is on track to meet the lender’s growth expectations for this year and next, even as trade tensions between the US and China keep casting a shadow over the global economy.
Developing Asia, a group of 45 countries in the Asia-Pacific region, is still expected to grow 5.7 percent this year and 5.6 next year, the ADB said in a supplement to its Asian Development Outlook report in April.
“Even as the trade conflict continues, the region is set to maintain strong but moderating growth,” said ADB chief economist Yasuyuki Sawada.