The Asian Development Bank maintained its developing Asia growth outlook for this year, but trimmed its projection for next year on escalating trade tensions, underscoring the importance of bolstering trade ties among Asian economies.
In an update of its flagship annual economic publication, the Asian Development Outlook, the Manila-based lender said growth remains stable across most of developing Asia due to robust domestic demand, buoyant oil and gas prices, and a consolidation of India's growth rebound.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.