Developing Asia is expected to maintain strong economic growth, according to the Asian Development Bank (ADB). The ADB’s latest projections indicate a regional growth rate of 6.9% for 2005 and 7.1% for 2006. This positive outlook is largely attributed to the continued strong performance of China and India, which are acting as key drivers of economic expansion in the region.
The ADB’s report highlights the resilience of Asian economies in the face of global challenges, including rising oil prices and potential impacts from developed economies.