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ADB Lowers Asia’s Growth Outlook On Renewed COVID-19 Outbreaks

The Asian Development Bank downgraded the developing Asia’s growth outlook as a resurgence of the COVID-19 infections, new virus variants and an uneven vaccine rollout weighed on the economic recovery. In the Asian Development Outlook Supplement, released Tuesday, the growth outlook for 2021 was revised down marginally to 7.2 percent from 7.3 percent.
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