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ADB Raises Econ Growth Forecast for Developing Economies in APAC; CN Expected to Grow 4.8%
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The Asian Development Bank (ADB) raised its 2025/ 2026 economic growth forecasts for 46 developing economies in the Asia-Pacific region from 4.8%/ 4.5% to 5.1%/ 4.6%, respectively. The institution noted strong demand from high-tech economies within the region, better-than-expected economic growth in India and reduced uncertainty due to tariff agreements with the US, improving the 2025/ 2026 outlook for the region. However, the institution warned that renewed tariff hikes, trade policy uncertainties and heightened financial market volatility remain significant downside risks to the outlook. The ADB lifted its 2025 economic growth forecast for China from 4.7% to 4.8%, with 2026 projection at 4.3%, reflecting continued weakness in the property market. Its Hong Kong 2025/ 2026 economic growth predictions were added from 2.2%/ 2% to 3.4%/ 2.6%. AASTOCKS Financial News Website: www.aastocks.com |
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