[/ATTACH][BR] The Asian Development Bank on Wednesday downgraded its forecast for the 2022 growth rate of Asia's developing economy, as "increasing" price pressures following Russia's invasion of Ukraine threaten the Asian region as it recovers from a pandemic and rising cases of the Omicron variant.
Inflation across the vast Asian region, which stretches from the Cook Islands in the Pacific to Kazakhstan in Central Asia, was expected to accelerate as countries recovered from the coronavirus pandemic and energy and food costs rose, the Bank said.
In the wake of rising coronavirus infections due to the Omicron variant and the conflict in Ukraine, the Philippines-based Asian Development Bank downgraded its forecast for
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