The full implementation of U.S. tariffs could cut developing Asia’s growth by about a third of a percentage point this year and nearly a full percentage point in 2026, the Asian Development Bank said on Wednesday. In its Asian Development Outlook report, the ADB projected that growth in developing Asia will ease slightly to 4.9% in 2025 — the slowest pace since 2022 — and slow further to 4.7% in 2026, from 5.0% in 2024. The forecasts were finalised before the U.S. unveiled sweeping new import tariffs last week, the ADB said at a press conference for the report’s release.Read More
