ADB Cuts Its 2011-2012 Forecasts
The Asian Development Bank has cut its 2011 and 2012 growth forecasts for developing Asia, citing uncertainty over global economic prospects including the downgrade of United States log-term sovereign debt, tensions in the Eurozone over debt and the knock-on effects of the devastating March 11 earthquake in Japan.
“Setbacks to their recovery have spilled…
Keep reading with a 7-day free trial
Subscribe to Asia Sentinel to keep reading this post and get 7 days of free access to the full post archives.