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Economy

ADB upgrades emerging Asia's growth outlook to 5.9%

China's better-than-estimated performance driving entire region

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A construction site in Beijing.   © Reuters

MANILA -- The Asian Development Bank on Thursday upgraded its outlook for emerging Asia's gross domestic product growth rate for this year to 5.9% from the previous figure of 5.7%, citing stronger-than-estimated economic growth in China and some other nations.

The latest outlook indicates that this year's emerging Asia will likely mark faster growth than 2016's 5.8%.

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