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The Asian Development Bank (ADB) on Wednesday maintained its growth outlook for the Korean economy at 1.3 percent but suggested that the country will experience weaker-than-expected inflation.
Prospects closely tied to steadfast and consistent implementation of policy reforms to stabilise economy and rebuild fiscal, external buffers, it says
Islamabad, Sep 20 (PTI) Warning that downside risks to Pakistan’s economic outlook remain exceptionally high, the Asian Development Bank’s (ADB) latest report says the cash-strapped country's adherence to an economic adjustment programme through April 2024 will be critical for restoring stability and the gradual recovery of growth.
The Asian Development Bank (ADB) has revised India's growth forecast downward to 6.3% from 6.4% due to erratic monsoons impacting agricultural output. ADB also revised its inflation outlook to 5.5% from 5% due to unexpectedly high food prices. However, ADB retained its growth forecast for next year, projecting a growth of 6.7% in FY25, driven by rising private investment and industrial output.
ADB predicts moderate growth, high inflation in fiscal year 2024, cautions against political instability