Asia Sentinel

Asia Sentinel

ADB Cuts Its 2011-2012 Forecasts

Our Correspondent
Sep 15, 2011
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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…

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