Asian Economic Outlook

Developing Asia and the Pacific will grow at 7.0 percent in 2004 on strong exports and buoyant intraregional trade, the Asian Development Bank (ADB) says. That is equal to the fastest growth since the 1997-98 Asian financial crisis and is up from 6.5 percent last year.

ABD is projecting growth this year of 8.8 percent for China, 8.1 percent for Singapore, 7.5 percent for Hong Kong and Vietnam, 6.8 percent for Malaysia, but just 4.8 percent for Indonesia.

In South Asia, the ADB sees growth of 6.5 percent for India and 6.4 percent for Pakistan. One of the best performers in the Pacific is expected to be Fiji, with a growth outlook this year of 4.1 percent.

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