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ADB sees Asia's 2018 growth at 6 percent, but warns of trade risks

Reuters  |  MANILA 

By Manolo Serapio Jr and Enrico Dela CruzMANILA (Reuters) - The Asian Development Bank raised its 2018 economic growth estimate for developing Asia to 6.0 percent from 5.8 percent, citing solid export demand, but said U.S. protectionist measures and any retaliation against them could undermine trade.Growth in developing Asia would only ease slightly to 5.9 percent in 2019, the bank said in its 2018 Asian Development Outlook released on Wednesday. Strong external and domestic demand helped economies in the region expand by an average 6.1 percent last year.While protectionist trade measures by ...

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First Published: Wed, April 11 2018. 08:31 IST