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Economy

Asian growth seen slowing to 5.7% in 2017: ADB

Region to remain global engine despite weakest rate since 2001

Malaysia is one of the resource exporters expected to benefit from a recovery in major industrial economies.

MANILA -- Asia will not grow as fast this year due to policy uncertainty in advanced economies and an outflow of capital, the Asian Development Bank said on Thursday.

In its 2017 Asian Development Outlook, the Manila-based lender projects growth for the region to slow by 0.1 percentage point to 5.7% in 2017 and 2018, the slowest pace since 2001. 

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