ADB head: Developing Asia’s growth robust, tightening global finances a risk

(Reuters) – Asia’s developing economies have seen “very robust” growth but face risks from tightening global financial conditions due to rapid U.S. and European interest rate hikes, Asian Development Bank (ADB) President Masatsugu Asakawa said on Thursday.

In an online event, Asakawa also said stronger-than-expected growth in China’s economy may put additional inflationary pressure on global food prices.

(Reporting by Leika Kihara in Tokyo; Editing by Jacqueline Wong)