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: regional economic outlook
Posted inPacific News
ADB warns of Middle East shock, pushes ASEAN to act on markets and Energy security
MANILA, 09 APRIL 2026 (PACNEWS) — Asian Development Bank President Masato Kanda has warned that the conflict in the Middle East is hitting Southeast Asia hard, driving inflation, raising costs and threatening food security across the region. Kanda said the impact of the crisis goes beyond energy, with Southeast Asia heavily exposed to oil imports. […]