The Asian Development Bank released an upbeat report on the region's emerging economies on Thursday, predicting growth in 2010 would be double that of 2009.
However, the bank warned there were risks to recovery, including over-enthusiastic regulation of the financial sector.
“I am rather optimistic about emerging Asia,” Jong-Wha Lee, the ADB's chief economist, told the Financial Times. “This will be the worst year since the Asian financial crisis [in 1997-8] but I see a V-shaped recovery. We are bottoming out and recovery will be much stronger in 2010.”
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