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ADB cuts growth forecast to 3.7%
- On Thursday, the Asian Development Bank maintained Pakistan's economic growth forecast at 3.7% for the current fiscal year while revising inflation projections upward to 8.3%.
- Prolonged disruptions to global energy markets caused by the Middle East conflict continue to weigh on regional economic prospects, according to the ADB's latest Asian Development Outlook released on Thursday.
- Pakistan's 8.3% inflation forecast ranks second highest in the region after Bangladesh's 8.8%, indicating the country faces greater economic challenges than Afghanistan, Bhutan, and Nepal.
- The ADB warned that Pakistan is among 60 nations facing 10% to 12.5% additional United States tariffs starting July 24 following trade investigations by the USTR.
- A Pakistani delegation is currently in the United States to broker a deal to avoid these charges, as public hearings regarding the trade investigations are scheduled for 7-15 July 2026.
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ADB Cuts Asia-Pacific Growth Forecast to 4.9% for 2026 Amid Global Energy Market Disruptions
Get latest articles and stories on Business at LatestLY. The Asian Development Bank (ADB) has lowered its economic growth forecast for developing economies in Asia and the Pacific to 4.9 per cent for 2026, down from the 5.5 per cent growth recorded in 2025. This downgrade represents a reduction of 0.2 percentage points from the projections released in April, according to the latest economic outlook from ADB. Business News | ADB Cuts Asia-Pacific…
·Mumbai, India
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Coverage Details
Total News Sources14
Leaning Left1Leaning Right3Center3Last UpdatedBias Distribution43% Center, 43% Right
Bias Distribution
- 43% of the sources are Center, 43% of the sources lean Right
43% Right
14%
C 43%
R 43%
Factuality
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