KUALA LUMPUR: The Asian Development Bank (ADB) has lowered its economic growth forecast for Developing Asia to 4.3 per cent this year from its April projection of 5.2 per cent.
The region’s economic growth forecast for 2023 was also trimmed to 4.9 per cent from a previous estimate of a 5.3 per cent increase, the bank said in its Asian Development Outlook 2022 Update report released today.
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