Voice of America: Growth Forecasts Lowered for Developing Asia Oct 3rd 2012, 12:02 Voice of America | Voice of America is an international news and broadcast organization serving Central and Eastern Europe, the Caucasus, Central Asia, Russia, the Middle East and Balkan countries | | Growth Forecasts Lowered for Developing Asia Oct 3rd 2012, 10:29 The Asian Development Bank (ADB) has cut its growth forecasts for this year and next in developing Asia because of weakening global demand and a slowdown in the region's two largest economies. In a report Wednesday, the ADB said emerging Asia should prepare for what it called a "prolonged period of moderate expansion," following years of rapid economic growth in the region. The Manila-based lender forecasts emerging Asia to grow 6.1 percent this year and 6.7 percent in 2013. ... | | | | |
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