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The Asian Development Bank (ADB) maintains Indias economic growth forecast at 6.4% for this year and 6.7% for next year, citing robust domestic demand

The Asian Development Bank (ADB) on Wednesday said Pakistan’s economic growth in the fiscal year 2023 remained lower...

MANILA -- The Asian Development Bank cut next year's economic growth forecast for developing Asia, while maintaining its projection for 2023.The ADB's

The Asian Development Bank (ADB) has maintained its growth outlook for the Philippines this year and 2024. In the July 2023 edition of its flagship publication Asian Development Outlook (ADO), the Manila-based multilateral lender said, “GDP (gross domestic product) forecasts are maintained at 6.0% in 2023 and 6.2% in 2024.”

The Asian Development Bank (ADB) on Wednesday slashed its growth outlook for the Korean economy to 1.3 percent, citing sluggish exports and investment.

Bangladesh’s estimated growth higher than forecast for FY 2023: ADB

Asian Development Bank has left the forecast for Indias economic growth unchanged at 6.4% and 6.7% for this and the next fiscals, while it eyes inflation to ease. "Asia and the Pacific continues to recover from the pandemic at a steady pace," ADB Chief Economist Albert Park said.

ADB’s outlook pegged a decline in inflation, approaching pre-pandemic levels as fuel and food prices decline. It forecast 3.6 per cent inflation for Asia’s developing economies and 3.4 per cent in 2024.

The Asian Development Bank today raised growth projection for Bangladesh’s economy to 6 percent for the Fiscal Year (FY) 2022-23, as net exports performed better than expected.

The Asian Development Bank (ADB) has retained its forecast of Indias economic growth at 6.4% for FY24 due to recovery in consumption demand in rural and urban areas, but highlighted that slow exports due to the global slowdown will still weigh on growth. ADB also lowered its inflation projection for the current fiscal year to 4.9%, from 5%, due to falling crude oil prices.