MANILA: The Asian Development Bank (ADB) has said it has lowered its growth forecasts for developing Asia this year and the next as a softer outlook for the world’s second biggest economy China meant subdued economic activity elsewhere in the region.
The bank lowered its growth forecast for developing Asia by 0.3 percentage points to 6.3% in 2013 and 6.4% in 2014, the Manila-based development lender said in a supplement to its Asian Development Outlook 2013 first released in April.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
