Asian Development Bank cuts regional growth forecasts on impact of war in Middle East
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The Asian Development Bank has revised its economic growth forecast for the Asia-Pacific region, lowering it to 4.7% for this year and 4.8% for next year, down from 5.1% for both years, due to the ongoing war in the Middle East. Additionally, the inflation forecast for the region has been increased to 5.2% in 2026, up from a previous estimate of 3.6%.
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