ADB revises its Asia growth rate

The Asia Development Bank has revised its growth expectations for the entire region down to 6.1 per cent for 2012 in an update to its annual development outlook released in April. This revision comes after the IMF increased GDP projections for Cambodia to up to 7 per cent in 2012 on Tuesday. … Yesterday’s ADB statement said the slump in global markets has lessened demand for Cambodian products leading to the decreased growth forecasts.  …

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