ADB Economist Warns of Impact on Asian Growth if US Defaults

The Asian Development Bank (ADB) released its updated economic outlook on Wednesday. The bank revised downward its growth expectations for the region this year, and added that further significant changes in the forecast will have to be made if the U.S. government defaults on its debt obligations later this month.
In a revision released on Wednesday, the ADB revised down its GDP growth forecast for Asia to 6 percent from the 6.6 percent it predicted in April. That is due to …

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