ADB: Developing Asia to grow by 7.5% in 2010

http://news.xinhuanet.com/english2010/business/2010-04/13/c_13249408.htm

The ADB (Asian Development Bank) predicts that developing Asia, which includes China, India, and the Southeast Asian region, will grow "7.5 percent this year and 7.3 percent in 2011 on back of a rebound in global trade and ongoing fiscal and monetary stimulus."Apparently due the growth of Asia's industry is leading to even more foreign investment. "The stimulus measures last year will continue to fuel investment in the region, while private consumption is likely to increase as income prospects pick up and unemployment declines," the ADB said. This year, as the global economy recovers, the developing Asian region is also expected to recover. But the region faces some dangers, which may affect its growth potential. These include "a slower global recovery, rising commodity prices, deteriorating fiscal positions and uncertainties as to whether private demand can be strong enough to sustain recovery." The ADB said that Asia's policy makers need to improve its monetary, exchange rate, and fiscal policies to sustain recovery over the long term.