The Asian Development Bank (ADB) has lowered its economic growth forecasts for developing Asia and the Pacific amid a worsened global outlook. A press release said that the region's economy will grow 4.2 this year and 4.6 next year. A regular supplement to the Asian Development Outlook (ADO) 2022 had previously estimated (September 2022) that the economy would grow 4.3 in 2022 and 4.9 in 2023.
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