Russian Head of General Staff Gerasimov hands award weapon to Syrian generalMilitary & Defense August 19, 9:10
German politician says Crimea should to be recognized as part of RussiaWorld August 19, 6:22
Russian Emergencies Ministry carries out over 430 humanitarian missions abroad since 1993Society & Culture August 19, 6:18
Olympic diving champion Zakharov to carry Russia’s flag at opening ceremony of UniversiadeSport August 19, 4:11
New defense attorney to be appointed in former Ukrainian president’s high treason caseWorld August 19, 4:04
Mayor says Izmir International Fair homage to memory of late Russian ambassadorWorld August 19, 3:59
Putin, Medvedev emphasize need to restore cultural facilities in CrimeaSociety & Culture August 19, 3:43
El Pais: all four suspects in Barcelona terror attack shot deadWorld August 19, 3:36
Foreign Ministry speaker Zakharova very passionate about her dollhouseRussian Politics & Diplomacy August 18, 23:01
HONG KONG, September 22. /TASS/. The average economic growth of developing countries in Asia this year will amount to 5.8%, next year - to 6%, according to the report of the Asian Development Bank published Tuesday. Thus, the financial institution lowered its March forecast with the figure of 6.3% for both years.
The revision was motivated by "weaker growth prospects in China and India, as well as slow recovery in major industrial countries."
"Despite some slowdown, it is expected that developing countries in Asia will make the largest contribution to global growth. However, there are a number of constraints, such as pressure on exchange rates and concerns about capital outflows," the bank’s chief economist Jinwei Shan said.
At the same time, the bank headquartered in Manila, revised the rate of growth of the Chinese economy, lowering it to 6.8% in 2015 and to 6.7% in the coming year. It is due to the "slowdown in investment growth and weakening exports." In the previous report the figure amounted at 7.2% and 7.0%, respectively.
The updated forecast of GDP growth for India for the current fiscal year (ending in March 2016) totaled 7.4% instead of the previous 7.8%.