ADB lowers its economic forecast for developing Asia and the Pacific

2022-7-22 08:49

The Asian Development Bank (ADB) lowered its economic growth forecast for developing Asia and the Pacific to 4. 6% this year due to slower expansion in China, more aggressive monetary tightening in advanced economies, and fallout from the continued Russian invasion of Ukraine.

The outlook compares with a projection of 5. 2% issued by ADB in April. .

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