ADB trims growth forecast for Asia

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The Ukraine war is taking a toll on Asia’s economic recovery. The Asian Development Bank (ADB) has trimmed its forecast for the region, based on the potential impact of additional sanctions on Russia. The ADB expects developing Asia to expand 5.2 per cent this year, slightly down from the 5.3 per cent it forecast in December. Last year, the region grew nearly 7 per cent.

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