"While short-term risks seem manageable, regional policymakers should remain vigilant to respond to possible spillover through capital outflows and exchange rate movements," Sawada said. Sawada said the region faces "risks from uncertain policy direction in the advanced economies, including the pace of interest rate normalisation in the United States". "Developing Asia continues to drive the global economy even as the region adjusts to a more consumption-driven economy in China and looming global risks," said Yasuyuki Sawada, the ADB's chief economist. Next year, developing Asia should again grow by 5.7 percent, the ADB said in its 2017 Asia Development Outlook report. That would be the region's weakest expansion since it grew 5.0 percent in 2001. The Manila-based lender kept at 5.7 percent this year's growth forecast for developing Asia, which groups 45 countries in the Asia-Pacific region. MANILA, April 6 (Reuters) - Developing Asia is on track to post its slowest annual growth in 16 years this year as it adjusts to China's rebalancing and possible spillovers from global policy uncertainty, the Asian Development Bank said. ![]() (Updates to advise subscribers there is a graphic with this story)
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