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ADB cuts growth outlook for Asia-Pacific, raises inflation forecast on energy shock
The Asian Development Bank (ADB) has lowered its economic growth forecast for developing Asia and the Pacific and raised its inflation outlook, warning that prolonged disruptions from the conflict in the Middle East are continuing to weigh on the global economy. In an updated forecast, the ADB now expects regional growth of 4.7% in 2026 and 4.8% in 2027, down from an earlier projection of 5.1% for both years. [...]