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Media Advisory: New Economic Growth Forecast

WHAT: Dr. Changyong Rhee, Chief Economist at the Asian Development Bank (ADB), will host a conference call briefing on the Asian Development Outlook 2012 Update, which will unveil new economic growth forecasts for developing Asia including China and India.

The annual Asian Development Outlook, launched in April, presents an analysis of developing Asia's recent economic performance plus its prospects for the next two years. This Update shows whether these forecasts were met, explaining divergence between forecasts and the actual outturn, and firms the forecasts for the next 18 months or so.

WHY: The looming fiscal cliff in the United States and sovereign debt crises in the eurozone could threaten the global economy, particularly in developing Asia.

WHO: Dr. Changyong Rhee, Chief Economist at the Asian Development Bank (ADB).

WHEN: Wednesday, October 3, 2012, 10 a.m. EDT (Washington, D.C. time) via Conference Call from Hong Kong, China

RSVP to: Michael Reyes at mreyes@adb.org or 202-728-1500 for call-in information and to receive embargoed highlights of the report.

/PRNewswire-USNewswire -- Oct. 2, 2012/

SOURCE Asian Development Bank