Developing Asia Rebound Faces Risk From Capital Flows, ADB Says
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Developing Asia’s growth recovery faces the risk of asset bubbles from rising capital inflows, the Asian Development Bank said.
Gross domestic product will increase 6.6 percent in 2013 and 6.7 percent next year, the Manila-based lender said in its Asian Development Outlook 2013 released today. Consumer prices will rise 4 percent in 2013 and 4.2 percent next year, it said.