Developing Asia's economy is forecast to grow 4.5 percent this year and 6.6 percent in 2010 thanks to a better-than-expected recovery in the September quarter, the Asian Development Bank said Tuesday. The revised forecasts are higher than the 3.9 percent and 6.4 percent growth figures made in the bank's Asian Development Outlook in September, it added.The prospects for much of the region look rosier than they did in September when we last did a full study of the region, Asian Development Bank (ADB) chief economist Jong-Wha Lee told a news briefing. He noted that there was a moderate improvement in the economies of Europe, Japan and the United States that had helped the region recover.Forecasts for China remain unchanged from its September forecast of 8.2 percent this year, and 8.9 percent next year.
