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ADB Cuts Developing Asia Growth Outlook Again, Lowers China Forecast On Zero Covid Policy

Por: RTTNews Business December 14, 2022

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The Asian Development Bank lowered the economic growth forecast for the developing Asia and the Pacific region further citing the global slowdown, but raised the inflation outlook for next year due to persistent inflationary pressures from food and energy. The lender also said the Chinese is likely to grow slower than projected earlier due to the 'zero-Covid' approach and a struggling property market. The developing Asia and the... + full article



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