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ADB Cuts Growth Forecast Amid U.S. Tariff Impact

7/24/2025

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Summary

Story summary

The Asian Development Bank (ADB) has revised its GDP growth forecast for developing Asia to 4.7% in 2025, largely due to U.S. tariffs. India's outlook for FY26 has also dipped to 6.5% from 6.7%. However, robust domestic consumption and agricultural growth are anticipated to bolster the economy amidst these challenges.

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Story summary

The Asian Development Bank (ADB) has revised its GDP growth forecast for developing Asia to 4.7% in 2025, largely due to U.S. tariffs. India's outlook for FY26 has also dipped to 6.5% from 6.7%. However, robust domestic consumption and agricultural growth are anticipated to bolster the economy amidst these challenges.