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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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.