MANILA, Philippines -The Asian Development Bank raised its 2023 growth forecast for developing Asia on Tuesday, after China's abrupt loosening of Covid-19 restrictions and reopening of its borders brightened the region's prospects. The Philippines-based lender expects economic growth of 4.8 percent this year, up from its 4.6 percent projection in December. That compares with growth of 4.2 percent last year. Developing Asia refers to 46 members of the ADB, stretching from Kazakhstan in Central Asia to the Cook Islands in the Pacific.

https://business.inquirer.net/394634/adb-says-developing-asias-growth-to-accelerate-after-china-reopening

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