News Snapshot:
MANILA, Philippines (AFP) — The Asian Development Bank warned of “lasting scars” from the coronavirus pandemic as it cut its 2021 growth forecast for developing Asia on slow vaccination rates, surging infections and crippling lockdowns. A shortage of doses, which has hampered efforts to inoculate the vast region stretching from the Cook Islands in the Pacific to Kazakhstan in Central Asia, could worsen as evidence of waning vaccine protection increases demand for booster shots, the lender said Wednesday. The Philippines-based ADB forecast growth of 7.1 percent — compared with its previous prediction in April of 7.3 percent and a slight...
