ADB retains growth forecast for developing Asia as more stimulus expected from China

ADB retains growth forecast for developing Asia as more stimulus expected from China

FILE PHOTO: A man's shadow casts over the logos of the Asian Development Bank (ADB)'s annual general meeting at the site in Yokohama, south of Tokyo, Japan May 4, 2017. REUTERS/Issei Kato/File Photo

Developing Asia is on track to grow 5% this year, supported by strong consumption and high demand for tech exports, the Asian Development Bank (ADB) forecast on Wednesday, and said China was expected to roll out more economic support measures.