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Amidst war, inflation, Asian Bank lowers Asia growth forecast

september 25, 2022by Reacties uitgeschakeld voor Amidst war, inflation, Asian Bank lowers Asia growth forecast

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MANILA, Philippines: Amidst increased central bank monetary tightening, Russia’s invasion of Ukraine and COVID-19 lockdowns in China, the Asian Development Bank (ADB), this week, cut its growth forecasts for developing Asian countries for 2022 and 2023.

After previously trimming the forecast to 4.6 percent in July from 5.2 percent in April, the Asian Development Bank now expects the area’s combined economy, incl

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