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China’s rapid recovery brightens regional, global economic outlook: ADB

MANILA, April 4 (Xinhua) — China’s rapid recovery has brightened the regional and global economic outlook, according to a new Asian Development Bank (ADB) report released on Tuesday.

The Asian Development Outlook (ADO) 2023, the ADB’s flagship annual economic publication, expected China’s gross domestic product (GDP) to rebound to 5 percent this year and to 4.5 percent in 2024.

The report also forecasts