The Asian Development Bank has raised its growth forecast for the developing regions in Asia but warns the cities not to rest on their laurels. They said the economic situation needs for people and government to remain vigilant and have more money as reserves for any stimulus package needed. The ADB raised its regional forecast to 4.5 per cent on average this year and 6.6 per cent next year from expectations in September of 3.9 per cent and 6.4 per cent, respectively. This proves yet again the progress made by Asia in the last 12 months has been nothing less than spectacular and it has got even experts changing their forecasts.Two of the main countries in Asia were in focus, for China the expected growth rate remains the same because of its sheer size and it has increased by 1% for India but India has made a quicker than expected recovery too. This shows yet again Asia has the experience to handle these unfortunate circumstances and investments made here are safer. Asia should be the next choice for expansion of your business.
Source: http://www.scmp.com
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