Asian economies face ‘formidable test’ as Middle East conflict drags on: ADB

Economic growth across Asia is likely to slow even if oil prices stabilise in the coming months, as the impact of war in the Middle East ripples through industries from manufacturing to tourism, according to the Asian Development Bank. The US and Israeli war on Iran is projected to halt developing Asia’s economic upswing, with the region’s gross domestic product expansion seen moderating to 5.1 per cent this year from 5.4 per cent in 2025, the ADB said in its outlook report on...


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