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Economy

Developing Asia to stay on course: ADB

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The Port of Bangkok, Thailand   © Reuters

MANILA -- Growth prospects for Developing Asia have held up despite global headwinds hounding the region's economic outlook, the Asian Development Bank said on Tuesday.

Based in Manila, the ADB classifies 45 of its 67 member countries as Developing Asia. In its Asian Development Outlook Update, the ADB said the region is expected to grow at 5.7% in 2016 and 2017, unchanged from its forecasts in March. The region grew 5.9% last year.

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