Manila - Economic growth in developing Asia was expected to slow to its lowest rate in more than a decade due to the global economic crisis, the Asian Development Bank (ADB) said Tuesday.
The Asian Development Outlook, the annual report of the Manila-based ADB, forecasts economic growth in Asia to slide to 3.4 per cent, down from 6.3 per cent last year and 9.5 per cent in 2007.
The report said that if the global economy experiences a mild recovery next year, the economic growth for the region could expand 6 per cent in 2010.