News Snapshot:
Argus Website Welcome, Guest | Log In Singapore, 22 September (Argus) — The Asian Development Bank (ADB) has slightly reduced its regional economic growth forecast for this year because of the continuing impact of Covid-19. The ADB now expects developing Asian economies to expand by 7.1pc in 2021, compared to its projection of 7.3pc growth made in April. The bank has increased its 2022 growth forecast slightly to 5.4pc from 5.3pc. "New Covid-19 variants, renewed local outbreaks, the reinstatement of various levels of restrictions and lockdowns, and slow and uneven vaccine rollouts are weighing down the region's prospects," the ADB...
