Asian Economies to Grow by 8.2% in 2010
"Strong export recovery, robust private demand, and the sustained effects of stimulus policies allowed the region to experience solid growth in the first half of 2010," The Asian Development Bank said. "This improved performance is broad-based and is projected to carry on for the rest of the year."
Asian growth will slow to 7.3% in 2011, as the impact of stimulus measures moderate and growth slows in industrialized countries, the bank said.
"The one big cloud hanging over the region's otherwise sunny short-term horizon is the continued fragility and uncertainty of recovery in the industrialized countries," the bank said.
The bank forecast Asian inflation of 4.1% this year and 3.9% in 2011.