Rosy growth forecast for Asia: ADB

DEVELOPING Asian economies are expected to post strong growth in 2007-08 due to strengthening domestic demand and a broadly favourable outlook for the international economy, the Asian Development Bank said in a new report.

Rosy growth forecast for Asia: ADB Rosy growth forecast for Asia: ADB Rosy growth forecast for Asia: ADB Rosy growth forecast for Asia: ADB Rosy growth forecast for Asia: ADB

The ADB’s flagship annual publication Asian Development Outlook (ADO), launched in Tokyo on Tuesday, forecast developing Asian economies to expand 7.6% this year and 7.7% in 2008.

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