YANGON/MANILA, Sept 25 (dpa-AFX): The Asian Development Bank (ADB) lowered its growth forecast for developing Asia for this year and next, amid a sharp slowdown in global growth, increased inflationary pressures and monetary tightening, the war in Ukraine, and a Covid-19 lockdown in China.
The Manila, Philippines-based lender expects developing Asia to grow 4.3%, which is slower than the 5.2% forecast in April.
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