Archive · 23 Jul 2025

ADB Lowers Asia's Growth Forecast Amidst Tariffs and Uncertainty

ADB Lowers Asia's Growth Forecast Amidst Tariffs and Uncertainty

The Asian Development Bank (ADB) says Asia's economy might not grow as quickly as expected.

This is because of things like US tariffs (taxes on goods from other countries), China's economy slowing down, and worries about the world.

Southeast Asia is expected to slow down the most, while India is predicted to continue doing well.

This means there will be fewer jobs and less money overall.

Luckily, the bank thinks prices (inflation) won't go up as much, so things might still be okay.

Sources