ADB cuts developing Asia's 2023 growth forecast again

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20221213 Indonesia port

The port of Tanjung Emas in Central Java, Indonesia. The Asian Development Bank has revised its growth forecast for Asian economies including Indonesia, Malaysia and Vietnam downward. © NurPhoto via Getty Images

CLIFF VENZON, Nikkei staff writer

MANILA -- Developing Asia's economic expansion next year is expected to be slower than previously projected as a global slowdown and the prolonged war in Ukraine weigh on the region, the Asian Development Bank said in a new report.

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