ADB upgrades economic forecast for developing Asia

The Asian Development Bank (ADB) has upgraded its economic forecast for developing Asia after third-quarter data showed a better-than-expected performance by many countries in the region. In a special assessment of the region released on Tuesday, ADB said it now expected developing Asia to grow by 4.5 percent in 2009 and 6.6 percent in 2010.
It marks an increase from the 3.9 percent and 6.4 percent it predicted in its Asian Development Outlook (ADO) 2009 Update published in September. Developing Asia comprises 45 member countries of ADB and covers Central Asia, East Asia, South Asia, Southeast Asia and the Pacific.