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Wednesday, 14 December 2016 - 6:51
Asia economic growth forecast cut by ADB
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The Asian Development Bank has trimmed its 2016 economic growth forecast for Asia to reflect slower-than-expected expansion in India.

The lender now projects that a group of 45 countries which it calls Developing Asia will grow by 5.6% this year.

However, the ADB left its growth projection for 2017 unchanged at 5.7%. It says Asia's economic outlook remains stable despite global uncertainties.

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