ADB cuts growth estimates for Asia
- Published: 7 Dec 2012 at 12.25
- Online news:
MANILA - The Asian Development Bank (ADB) on Friday trimmed the region's growth forecasts for 2012 and 2013 amid "uncertainty" in Europe and the United States, and a poor Indian economy.
The region of Developing Asia, which excludes Japan, was set for growth of 6.0% in 2012, and 6.6% in 2013, the bank's latest Asian Development Outlook Supplement said, 0.1 percentage point lower for each year than it predicted in October.
An Indian fishermen checks the fishing nets near the shore of the Arabian Sea in Mumbai, India, on June 26, 2012. (EPA photo)
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