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Economy

Ukraine war's impact on Asian economies splits global lenders

World Bank pessimistic on region's outlook, while ADB sees continued strength

The World Bank is pessimistic on the Ukraine war's impact on the Asian economy, while the Asian Development Bank is confident that growth in the region will "continue to be strong." (Source photos by Getty Images/AP)

TOKYO -- Two major global development banks are split on the impact of the Ukraine war on Asian economies: the World Bank is pessimistic, while the Asian Development Bank is confident that growth in the region will "continue to be strong."

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