Asia Sentinel

Asia Sentinel

Grim Report on Food From the ADB

John Berthelsen's avatar
John Berthelsen
Apr 27, 2011
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The Asian Development Bank, in a report issued Tuesday, is warning that global food prices, which have skyrocketed by an average of 30 percent year on year, gross domestic product growth for some food-importing countries "could be choked off by up to 0.6 percent."

Combined with a 30 percent annual increase in world oil prices, GDP growth could be reduced…

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