ADB revises 2010 growth forecasts
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 |
|
9.6 |
9.6 |
| SOUTHEAST ASIA | 6.7 | 5.1 |
|
6.8 |
5.1 |
| SOUTH ASIA | 7.5 | 7.4 |
|
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