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Economy

Global trade, China will buoy Asia's growth to 5.8% in 2018

ADB says latest outlook for the region is 'heartening'

China's better than expected economic expansion will buoy Asia's growth in 2017.   © Reuters

MANILA -- China's better-than-expected economic expansion and a rebound in global trade will buoy growth in Asia, the Asian Development Bank said in a report on Tuesday.

In its Asian Development Outlook Update, the regional lender forecast 5.9% growth for developing Asia in 2017 and 5.8% next year. Developing Asia covers 45 of the ADB's 67 member economies, which also include countries in Europe and North America.

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