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Southeast Asia, the only region covered in the report that didn't slow last year, will maintain its growth rate as robust private consumption and investment outweigh softer demand for exports. Indonesia will expand about 6.5 percent in each of the next two years while the Philippines will grow about 6 percent. India, the region's other giant, will expand 6 percent this year and 6.5 percent next year, the report said, but warned that the country risks being held back by structural and policy issues that hamper investment. In contrast, the developed economies of the US, Japan and the 17 nations the use the euro will eke out a 1 percent expansion this year, rising to 1.9 percent in 2014. The ADB also warned that Asia needs to secure enough clean and cheap energy to support long-term growth. With developing Asia's share of global energy use forecast to grow from barely a third in 2010 to more than half by 2035, the region, which has plenty of coal but relatively little oil and natural gas, may be hard pressed to meet its demands. "With insufficient energy, developing Asia would need to scale back its growth ambitions," said the report, which recommended curbing general energy subsidies in favor of targeted ones, tapping cleaner energy sources such as wind, solar and biofuels, and integrating gas and electricity networks to create a regional market. ___ Online: Asian Development Bank: http://www.adb.org/
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