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ADB Lowers Growth Forecast for SEA

ADB Lowers Growth Forecast for SEA

by Teuvo Tuomi | Jan 10, 2024 | ASEAN, Economy, News, Southeast Asia

The Asian Development Bank (ADB) has lowered the growth outlook for Southeast Asia in 2023 from 4.6% to 4.3%. This is mainly due to weak demand for manufacturing exports. Southeast Asia’s growth forecast for 2024 has also been revised down to 4.7% from 4.8% because of...

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