- MarketPulse - https://www.marketpulse.com -

ADB: India’s Revival to Offset China Slowdown

China’s economy is slowing, but Asia will remain a growth hot spot as India and Southeast Asian economies roar ahead, said the Asian Development Bank (ADB).

Emerging Asian economies will grow 6.3 percent in both 2015 and 2016, unchanged from last year, ADB wrote in its annual Asian Development Outlook for 2015, published on Tuesday.

“Developing Asia is making a strong contribution to global economic growth,” said Shang-Jin Wei, chief economist at the ADB.  “Falling commodity prices are creating space for policy makers across the region to cut costly fuel subsidies or initiate other structural reforms. This is a key opportunity to build frameworks that will support more inclusive and sustainable growth in the longer term,” he said.

CNBC [1]

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.


Latest posts by marketpulsefxstaff (see all [4])