News Snapshot:
The Asian Development Bank warned that the coronavirus pandemic will leave “lasting scars,” cutting its growth prediction for developing Asia for 2021 due to poor vaccination rates, rising infections, and devastating lockdowns. The lender said Wednesday that a shortfall of dosages, which has impeded attempts to inoculate a large region extending from the Cook Islands in the Pacific to Kazakhstan in Central Asia, might deteriorate if evidence of declining vaccine protection raises demand for booster shots. The ADB, which is located in the Philippines, forecasted growth of 7.1 percent in 2019, down from 7.3 percent in April and a little...
