ADB revises 2010 growth forecasts

Posted at 07/20/2010 12:14 PM | Updated as of 07/20/2010 2:46 PM

MANILA - The Asian Development Bank (ADB) updated its 2010 growth forecasts for 45 economies in Developing Asia, which spans the Pacific to Central Asia, with growth now seen at 7.9%, up from an earlier forecast of 7.5%.

Forecasts for leading Southeast Asian economies were increased from those in the ADB's Asian Development Outlook in April. The country-specific forecasts were in the Asian Economic Monitor, which was released on Tuesday and covered the Emerging East Asian economies.

The report is available on the ADB's website: http://www.adb.org

Following are the ABD's revised growth forecasts for 2010.

2010 GDP GROWTH (percent per year)
-- ADB forecasts --
July (revised) April (original)

DEVELOPING ASIA 7.9 7.5
EMERGING EAST ASIA 8.1 7.7
EAST ASIA 8.4 8.3

China
Hong Kong
South Korea
Taiwan

9.6
5.4
5.5
5.9

9.6
5.2
5.2
4.9

SOUTHEAST ASIA 6.7 5.1

ASEAN-5
Indonesia
Malaysia
Philippines
Singapore
Thailand

6.8
6.0
6.8
5.0
12.5
5.5

5.1
5.5
5.3
3.8
6.3
4.0

SOUTH ASIA 7.5 7.4

India

8.2 8.2
CENTRAL ASIA 4.8 4.7
THE PACIFIC 3.8 3.7

 Source: ADB

NOTES:  

DEVELOPING ASIA covers the 44 developing member countries of the ADB and Brunei, an unclassified regional member.

EMERGING EAST ASIA comprises East and Southeast Asian economies except Mongolia.
EAST ASIA: China, Hong Kong, South Korea, Mongolia, Taiwan  

SOUTHEAST ASIA: Indonesia, Malaysia, Philippines, Singapore and Thailand (the ASEAN-5) plus Brunei, Cambodia, Laos, Myanmar, and Vietnam

SOUTH ASIA: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, Sri Lanka  

CENTRAL ASIA: Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan, Uzbekistan  

PACIFIC: Fiji, Papua New Guinea, Timor-Leste, Cook Islands, Kiribati, Marshall Islands, Federated States of Micronesia, Nauru, Palau, Samoa, Solomon Islands, Tonga, Tuvalu, Vanuatu 


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