Developing economies in Asia could grow up to 7 percent in 2010, according U.N. Assistant Secretary-General Ajay Chhibber. This growth, however, may be slashed by 1 percentage point if the developed world experiences a double-dip recession, Chhibber added. The U.N’s estimate was slightly lower than the 7.5 growth forecast by the Asian Development Bank in its Outlook 2010 report released in April, Reuters says.

    About the author

    • Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.