MANILA: The Asian Development Bank (ADB) said on Tuesday 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.
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