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ADB: Developing Asian Economies Holding Steady

The Asian Development Bank says the economies of developing countries in Asia are holding up despite stubborn global headwinds, and that earlier forecasts that the countries as a group will grow 5.7 percent in 2016 and 2017 remain unchanged. The group grew 5.9 percent in 2015. A bank report released Tuesday said China, the world's second-largest economy, is expected to grow by 6.6 percent in 2016 and 6.4 percent in 2017, 0.1 percentage points more than was forecast in March, due to...

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