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ADB lowers growth forecast for developing Asia amid global gloom

MANILA, Dec. 14 (Xinhua) — The Asian Development Bank (ADB) has lowered its economic growth forecasts for developing Asia and the Pacific amid a worsened global outlook.

A supplement to the Asian Development Outlook 2022 released Wednesday expected the region’s economy to grow by 4.2 percent this year and 4.6 percent next year, lower than its previous forecast in September at 4.3 percent and 4.9 percent, respec