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Asia economy to grow at 3.9% in '09: ADB

(Xinhua)
Updated: 2009-09-22 10:56

MANILA: The overall economic expansion of developing Asia this year is expected to rise to 3.9 percent, sustained by the region's larger economies like China and India, the Asian Development Bank said in a report released Tuesday.

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The update to ADB's flagship annual economic publication Asian Development Outlook upgraded ADB's forecast of the region's growth from a slightly lower 3.4 percent projection made in March and said the growth is likely to top 6.4 percent in 2010.

The Philippines-headquartered development bank said Asia's resilience is more remarkable as a deeper contraction of 3.7 percent is expected in the G3 economies -- the United States, the Euro zone and Japan -- this year.