MANILA, July 17 (Xinhua) — The Asian Development Bank (ADB) on Wednesday slightly raised the 2024 growth forecast for developing Asia and the Pacific to 5 percent from 4.9 percent, reflecting the region’s quickened growth in the first quarter of this year. The growth outlook for next year is maintained at 4.9 percent.
In its latest supplement to the Asian Development Outlook 2024, the bank’s flagship annual eco