Growth in Asia Could Slow Sharply on Prolonged Mideast Conflict, ADB Says
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A prolonged conflict in the Middle East could slow economic growth, with the Asian Development Bank warning of a sharp slowdown in Asia. The impact of the conflict on global growth is also a concern, with various organizations warning of a slowdown, although the extent of the slowdown is uncertain. Different organizations have forecast global growth to slow to varying rates, ranging from 2.5% to 2.8%, amid the ongoing tensions.
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