ADB sees India growing 4.7 percent in 2013
MANILA (Reuters) - The Asian Development Bank (ADB) on Wednesday kept its growth forecast for India at 4.7 percent for this year, and sees the country growing at 5.7 percent in 2014.
The Manila-based bank slightly raised its forecast for China this year and the next, aided by the impact of government reforms and better prospects for key trading partners.
The bank lifted its 2013 forecast for China to 7.7 percent, from 7.6 percent in October. It now sees 2014 growth at 7.5 percent rather than 7.4 percent.
However, the ADB lowered estimates for Southeast Asia this year and in 2014, in the wake of a strong typhoon in the Philippines and political uncertainties in Thailand.
The bank kept its growth forecast for developing Asia at 6.0 percent this year and 6.2 percent next year.
(Reporting by Rosemarie Francisco; Editing by Richard Borsuk)
- Tweet this
- Share this
- Digg this
- Malaysian plane still missing; questions over false IDs
- Malaysian jet's disappearance among rarest of aviation disasters
- Malaysia Airlines says "fearing the worst" for missing jet
- Malaysia probing two more passengers on missing flight - source
- Australia's Wesfarmers plans A$1.12 billion insurance spinoff - report
PLANE GOES MISSING
A Malaysia Airlines flight carrying 227 passengers and 12 crew was presumed to have crashed off the Vietnamese coast on Saturday, and European officials said two people on board were using false identities. Full Article