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              ADB Says Weak Export Markets Hurting Developing Asia

   by VOA News

   The [1]Asian Development Bank says the financial crisis in Europe and
   sluggish economic recovery in the United States are hurting growth in
   developing Asian countries.
   In a report released Thursday, the ADB says growth in Asia slowed
   during the first half of the year as struggles in Europe and the United
   States cut demand for Asian exports.
   The report also cites slowdowns in China and India as hurting
   developing economies.
   As a result, the bank lowered its regional growth estimates for 2012
   and 2013.
   But it says reduced demand is helping to bring down global food and oil
   prices and ease inflation in the region.
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   [2]http://www.voanews.com/content/adb-says-weak-export-markets-hurting-
   developing-asia/1403548.html

References

   1. http://www.adb.org/news/eurozone-crisis-dampening-developing-asias-growth-prospects
   2. http://www.voanews.com/content/adb-says-weak-export-markets-hurting-developing-asia/1403548.html