The Asian Development Bank (ADB) has said that it expects the Gross Domestic Product (GDP) of developing Asia incorporating 45 nations to rise to 6.6 per cent this year.

The Mani based multinational financial assistance institution said that it expects the Asian economy to grow by 6.7 per cent during the year, 2014. The ADB warned over the impact of the continuing slowdown in the Eurozone and political climate in Asia on the region's economy in the year. The group of developing Asia includes major economies including China, India and Indonesia.

The growth rate for the group had fallen to 6.1 per cent in 2012 mainly due to the impacts of the economic slowdown in the western economies. The ADB pointed out that the group remains venerable to the shocks in the global economy. It cited sluggishness in the United States, euro area, and Japan to point out that emerging Asian nations must depend more upon domestic demand and increase trade with other emerging nations.

The bank said in its Asian Development Outlook report that, "Developing Asia's recovery phase remains vulnerable to shocks. Strong capital inflows could feed asset bubbles. Political discord surrounding fiscal debates in the United States, austerity fatigue in the euro area, and border disputes in Asia could jeopardise macroeconomic stability."