ADB Raises Developing Asia 2017 GDP Forecast to 5.9%

The video discusses the relationship between economic growth and inflation in Asia, highlighting the impact of stabilized oil prices on inflation forecasts. It addresses concerns about growth rates in Asia, excluding newly industrialized economies, and provides updated growth forecasts for the region and China. The video attributes China's better-than-expected growth to reforms and strong domestic consumption.

What are the two main reasons for the downward adjustment of the inflation forecast mentioned in the text?

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How is the growth rate in Asia expected to change from this year to 2018 according to the text?

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What factors contributed to the upward revision of the growth rate in China?

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What is the predicted growth rate for China this year as mentioned in the text?

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What role does domestic consumption and the service sector play in China's growth momentum?

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