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ADB shaves a bit off growth forecasts for Asian nations amid turbulence

Downgrade for developing economies in the region due to oil price slump and looming Russian financial crisis
Thursday, December 18, 2014 - 05:50

Tokyo

THE Asian Development Bank (ADB) has downgraded slightly its 2014 growth forecasts for many of Asia's developing economies including China as turbulence continued to roil markets in the wake of the oil price slump and signs of an impending financial crisis in Russia.

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