MANILA, PHILIPPINES (8 July 2026) — The Asian Development Bank (ADB) has lowered its growth forecast for developing Asia and the Pacific economies to 4.9% for 2026 compared to 5.5% growth in 2025. This is a reduction of 0.2 percentage points from April projections. Prolonged disruptions to energy markets caused by the Middle East conflict […]
Tag: Asia Pacific economy
Posted inPacific News
How will the conflict in the Middle East affect economies in Asia and Pacific?
By Albert Park and Matteo Lanzafame MANILA, 12 MARCH 2026 (ADB) — Geopolitical risk is again at the centre of the global economic outlook. While Asia and the Pacific has limited direct trade exposure to Iran and neighboring countries, it could still face significant adverse economic consequences. Disruptions in the Middle East can ripple out […]