ADB predicts slowing Asia growth as MidEast war takes toll - News Summed Up

ADB predicts slowing Asia growth as MidEast war takes toll


That prediction could prove optimistic, however, if new evidence suggesting a "more prolonged conflict and more persistent disruptions" bore out, it said. Growth predictions could fall to as low as 4.7 percent for 2026 and 4.8 percent in 2027 should the US-Israeli war with Iran drag into the third quarter. "Most economies in developing Asia and the Pacific will see their growth outlook worsen this year and in 2027," was the bank's stark assessment. "Even after energy prices normalise, supply-chain disruptions, higher producer prices, and tighter financial conditions would prolong stagflationary pressures," he added. The new ADB report also said continued trade uncertainty in the face of US President Donald Trump's tariff regime could be expected to weigh on regional investment.


Source: Bangladesh Sangbad Sangstha April 10, 2026 10:01 UTC



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