MANILA — The Asian Development Bank has cut this year’s growth projections across economies in the region, citing headwinds spurred by U.S. President Donald Trump’s tariff policy.
The multilateral lender’s flagship Asian Development Outlook report, released on Wednesday, downgraded the GDP growth forecast for “developing Asia” — which comprises 46 ADB members, including China, India and Southeast Asian nations — to 4.7% in 2025, from the previous projection of 4.9% in April.