ADB raises Asian growth forecast to 8.2% for 2010

The Asian Development Bank has increased the forecast for Asia ex-Japan from 7.5% to 8.2%. China is forecast at 9.6%, India at 8.5%. Singapore’s forecast has been raised from 6.3% (April) to 14% (today.) (Straits Times, Sept. 29, 2010) This will lead to a gradual acceleration in Europe and the US.