Asian Development Bank: Emerging Asian economies will grow at a 6.3% pace in 2015 and in 2016

Market news

25 March 2015

Asian Development Bank: Emerging Asian economies will grow at a 6.3% pace in 2015 and in 2016

The Asian Development Bank (ADB) said it expects that Emerging Asian economies will perform strongly this year due to lower global commodity prices and recovery in major industrial economies. The ADB forecasted 6.3% growth for Emerging Asian economies in 2015 as well as 2016.

According to the ADB, China is expected to expand by 7.2% in 2015 and 7.0% in 2016.

India is expected to rise by 7.8% in the financial year 2015 ending March 2016 and 8.2% in the fiscal year 2016 ending March 2017.

Reserve Bank of Australia’s Financial Stability Review: the central bank expects lower mortgage rates to boost housing demand further

Bank of Japan Deputy Governor Kikuo Iwata: that it is difficult to achieve 2% inflation within two years

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