MANILA, July 21 ― The Asian Development Bank today slashed its 2022 growth forecast for developing Asia and warned economic conditions could worsen, as the war in Ukraine and supply chain disruptions drive up prices.
That compares with its previous prediction in April of 5.2 per cent and the 6.9 per cent growth chalked up last year. India's inflation was above target at seven per cent, but in the rest of the region's large economies it was “manageable”.
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