ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

ADB cuts Asia's growth forecast to 4.6%, lifts inflation outlook

Ukraine war crimps growth, spurs price rises in emerging Asia

MANILA -- Developing Asia is expected to grow more slowly than initially predicted this year, as the prolonged war in Ukraine has pushed commodity prices higher and triggered monetary tightening, the Asian Development Bank said in a report published Thursday.

The region's gross domestic product is now forecast to grow by 4.6%, down from an April prediction of 5.2% growth, the multilateral lender said in an update to its flagship economic publication, the "Asian Development Outlook."

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more