MANILA: Asia’s economies have largely shrugged off the impact of SARS and are on course to post stronger growth next year, but investment is set to remain subdued due to a rash of upcoming elections and some structural obstacles, the Asia Development Bank (ADB) said yesterday.
In an update of its forecasts for the region, the Manila-based institution said the region’s economies were likely to expand by 6.1% next year, aided by a recovery in industrialised countries. It had earlier projected gross domestic product (GDP) growth of 5.9%.
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