Reported 9 days ago
The Asian Development Bank (ADB) has warned that the full implementation of U.S. tariffs could reduce growth in developing Asia by nearly one percentage point by 2026. The ADB's latest report predicts a growth deceleration to 4.9% in 2025 and 4.7% in 2026, with significant influences from a projected slowdown in China and trade tensions. While South Asia is expected to experience a growth uptick, Southeast Asia may face reduced momentum.
Source: YAHOO