Bangladesh, July 20 -- The Asian Development Bank (ADB) has marginally lowered its economic growth forecast for developing Asia this year amid the second wave of the pandemic.

It projects a 7.2 percent economic growth for developing Asia this year compared with its 7.3 percent forecast in April, as renewed Covid outbreaks tend to slow the recovery in some economies of the region.

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However, the growth outlook for 2022 is upgraded to 5.4 percent from 5.3 percent, according to a release from the Bank.

Excluding the newly industrialised economies of Hong Kong, the Republic of Korea, Singapore and Taipei,developing Asia's updated growth outlook is 7.5 percent for 2021 and 5.7 percent for ...