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Economy

ASEAN's delta battle mows nearly 1% off ADB growth forecast

Myanmar in line to contract 18.4% in 2021 as military rule and COVID take toll

The ADB confirms Myanmar's industrial output and employment have fallen since an inconclusive military takeover in February.   © AP

MANILA -- Southeast Asia's economic recovery from the COVID-19 pandemic will be much slower than initially expected, the Asian Development Bank said in a report on Wednesday, as the region continues to wrestle with the highly infectious delta variant.

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