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Asia: ADB cuts growth forecast for developing Asia to 3.4 pct.
Section: Economy - The Asian Development Bank (ADB) said on Mar. 31 that growth in Asia's developing economies this year would fall to 3.4 percent, according to news reports.
Growth will slide to just 3.4 percent this year, down from 6.3 percent last year and 9.5 percent in 2007, the bank said in its annual Asian Development Outlook. If the global economy experiences a mild recovery next year, the outlook for the region will improve to 6 percent in 2010, it added.
With the slow growth, more than 60 million people in 2009, and close to 100 million people in 2010 in the region …
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