OREANDA-NEWS. On September 16, 2008 Asian Development Bank said in its new major report that economic growth in Central Asia is slowing.

The Asian Development Outlook 2008 Update (ADO Update) said the growth in the region in 2008 is expected to moderate to 7.6% from 11.6% in 2007.

The report expects that the pickup in 2009 predicted in April's Asian Development Outlook 2008 (ADO 2008), will be more muted—it revises downward the projection for 2009 from 8.4% to 8.0%.