ADB leaves China economic growth forecasts unchanged at 4.8% (2024) and 4.5% (2025) ...Middle East

The latest outlook, in brief, from the Asian Development bank. Growth Forecast Downgraded:ADB lowers 2024 growth forecast for developing Asia to 4.9% (from 5.0%).2025 growth forecast reduced to 4.8% (from 4.9%).Key Drivers of Downgrade:Weaker-than-expected economic performance in Q3 across some economies.Softer outlook for consumption in the region.Country-Specific Projections:China: Growth forecasts unchanged at 4.8% (2024) and 4.5% (2025).India: Growth forecasts revised down to 6.5% (2024, from 7.0%) and 7.0% (2025, from 7.2%).Risks from U.S. Policy Shifts:Potential for faster or more significant changes to U.S. trade, fiscal, and immigration policies under President-elect Trump.Tariffs on

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