Asia Growth May Slow Due to Mideast Conflict

The Asian Development Bank (ADB) warns that a protracted conflict in the Middle East could significantly hinder economic growth across developing Asia and the Pacific. The ADB estimates that growth could be reduced by as much as 1.3 percentage points through 2027 if the conflict persists. This projection underscores the interconnectedness of global economies and the far-reaching impact of regional instability. Such a slowdown could affect trade, investment, and overall economic development in the region, posing challenges for policymakers.