Sunday , November 24 2024

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Rate hikes, Ukraine war, China woes dim Asia growth outlook: ADB

Rate hikes, Ukraine war, China woes dim Asia growth outlook: ADB

The Asian Development Bank (ADB) on Wednesday cut its growth forecasts for developing Asia for 2022 and 2023 amid mounting risks from increased central bank monetary tightening, the fallout from the war in Ukraine and COVID-19 lockdowns in China. The ADB now expects the area’s combined economy, which includes China …

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Cold wave to hit northern Vietnam next week

The northern region should expect a month-end cold wave, the National Center for Hydro-Meteorological Forecasting has said. Temperatures would drop slightly and it would get cold at night and early morning. There could be strong winds in the north and potentially heavy rains in the central region at the end …

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