Asia Should Avoid Tightening ‘Too Quickly,’ ADB Says

The Asian Development Bank raised its 2010 economic growth forecast for the region and said governments should sustain the expansion by refraining from tightening fiscal and monetary policies “too quickly.”

Asia, excluding Japan, will grow 8.2 percent in 2010, faster than an April estimate of 7.5 percent, the Manila-based development lender said in a report today. The ADB maintained its 2011 growth forecast at 7.3 percent.