Rate hikes, Ukraine war, China woes darken Asia economic outlook, says ADB Rate hikes, Ukraine war, China woes darken Asia economic outlook, says ADB
WEDNESDAY, SEPTEMBER 21, 2022
The Asian Development Bank (ADB) on Wednesday further slashed its growth forecasts for developing Asia for 2022 and 2023 amid mounting risks from increased central bank tightening, the fallout from the war in Ukraine and Covid-19 lockdowns in China.