China, India Hum Along – Cris Larano and Cecilia E. Yap

Two reporters of the Wall Street Journal reporting from Manila, Philippines: ADB lifts its forecast for ’07, ’08, spurred by region’s giants.

Developing Asia will likely grow this year at a faster rate than initially expected, as its main economic engines, China and , continue to hum despite a slight uptick in inflation, the Asian Development Bank said yesterday.

In its Asian Development Outlook 2007 Update, the Manila-based regional-development bank raised its 2007 growth forecast for Asia excluding Japan to 8.3% from 7.6% in the March outlook, and its forecast for 2008 to 8.2% from 7.7%. [Full Text]

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