"Growth in China, India and other developing countries hit by weak demand from Europe. Europe's sovereign debt crisis presents the greatest risk to Asian economies in the next 12 months, according to the Asian Development Bank, which fights poverty in the region. The Manila-based lender, which is backed by 67 countries, said in its annual health check of developing Asian economies that policymakers will need to boost spending at home to offset weak demand from Europe." (Quoted from article)