Asian Development Outlook Special Note: Developing Asia's Recovery Gains Momentum

Date: December 2010
Type: Books
Country:
Subject:
Series: Asian Development Outlook

Description

Recently released macroeconomic indicators suggest the 2010 growth outlook for developing Asia is stronger than anticipated in the Asian Development Outlook (ADO) 2010 released in April. Gross domestic product (GDP) in the region is now projected to grow 7.9%, up from the 7.5% originally forecast. Better-than-expected results in the first quarter—driven by buoyant exports, strong private demand, and sustained stimulus policy efects—are behind the revision.