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flag ADB lowers growth forecasts for Asia and Pacific due to higher US tariffs and trade uncertainties.

flag The Asian Development Bank (ADB) has lowered its economic growth forecasts for developing Asia and the Pacific to 4.7% for 2025 and 4.6% for 2026, citing higher US tariffs and trade uncertainties. flag For the Philippines, growth forecasts were revised to 5.6% for 2025 and 5.8% for 2026. flag The ADB warns that further escalation of trade tensions, conflicts, and energy price hikes could further dampen the region's economic outlook.

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