India, July 9 -- The Asian Development Bank downgraded its growth outlook for developing Asia and the Pacific citing higher energy costs, supply disruptions and tighter financial conditions following the Middle East conflict.
In the July Asian Development Outlook, the ADB forecast developing Asia and the Pacific to grow 4.9 percent this year, which was slower than the 5.1 percent expansion estimated in April.
However, the outlook for next year was maintained at 5.1 percent.
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