MANILA -- India and Southeast Asia's economic rebound this year will be smaller than initially projected, the Asian Development Bank says in a new report released on Tuesday, due to the effects of the more virulent COVID-19 delta variant.
Outbreaks in those economies have dragged down the overall growth outlook of developing Asia, which is now projected to grow this year by 7.2% from 7.3%, according to an update to Asian Development Outlook, ADB's widely followed economic publication. It also upgraded next year's regional growth expectations to 5.4% from 5.3%.
