ADB raises Asia growth outlook, warns of trade tension risks

HONG KONG -- Developing Asian economies will expand at a slightly faster pace this year than earlier forecast, but trade tensions with the US pose a major risk, the Asian Development Bank said Wednesday, April 11, in its latest regional update.

The Manila, Philippines-based lender said it expects the region to expand at a 6 percent clip in 2018, slightly above its previous forecast, after recording 6.1 percent growth last year.

For 2019, it predicts growth will ease to 5.9 percent.

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