Asia to Lead Global Recovery: Asian Development Bank

The Asian Development Bank (ADB) predicted today that economies in East Asia will lead all others this year with a growth rate of 8.8 percent. However, the ADB warned that the so-called currency wars, inflation, and the rising threat of protectionism remained a threat to the further development of these emerging nations.

“The unsynchronised global recovery – red-hot growth in emerging economies against tepid, uncertain recovery in advanced economies – pose policy challenges for emerging East Asia,” said the ADB.

Source: BBC News

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