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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