Growth in developing Asian economies is expected to slow slightly over the next three years after reaching an aggregate 7.3 per cent in 2004, its highest level since the Asian financial crisis of 1997-98, the Asian Development Bank said on Wednesday.

“There will be some moderation in growth since the cycle probably peaked in 2004,” Haruhiko Kuroda, the new ADB president, said in his foreword to the bank’s latest Annual Development Outlook.