Lender cuts outlook for developing Asia

By Agence France-Presse

Dec 15, 2022 12:24 am

The Asian Development Bank trimmed its economic growth forecasts for developing Asia on Wednesday, with China's pandemic lockdowns, slowing global demand and the Russian invasion of Ukraine seen as limiting the region's prospects.

The Philippines-based lender cut its 2022 forecast to 4.2 percent, down marginally from a 4.3 percent projection made in September.

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