Asian Development Bank trims growth forecast for region, dampened by Chinese property sector weakness

The Asian Development Bank trimmed its 2023 growth forecast for the region to 4.7% on the back of China's embattled property sector and a persistently high interest rate environment. This marks a slight downward revision from the bank's previous projection of a 4.8% expansion. "The PRC's property…#asiandevelopmentbank #prc #adb #southeastasia #albertpark #squawkboxasia #elniño
Source: Reuters: Health - Category: Consumer Health News Source Type: news