ADB Cuts Developing Asia GDP Outlook Amid Global Growth Concerns
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Developing Asia will likely grow at a weaker-than-previously expected pace this year and in 2023, according to the Asian Development Bank.
The region is seen expanding 4.2% this year, before accelerating to 4.6% in 2023, the Manila-based lender said in a report Wednesday. The projections are down from the previously estimated expansion of 4.3% and 4.9%, respectively.