MANILA, Sept. 21 (Xinhua) — The Asian Development Bank (ADB) lowered its forecasts for economic growth in developing Asia and the Pacific to 4.3 percent this year amid mounting challenges buffeting the region, according to an outlook report released on Wednesday.
The updated Asian Development Outlook 2022 projects the region’s economy to grow by 4.9 percent in 2023, compared with the bank’s projection in April