Evergrande debt problem ‘warrants careful monitoring’ – ADB

In its latest report released on Wednesday, the Asian Development Bank (ADB) trimmed the 2021 growth forecasts for developing Asia while warning about China Evergrande’s debt problem.

Key takeaways

Trims developing Asia's 2021 growth forecast to 7.1%

Keeps 2022 Growth Forecast At 5.4%

developing story ...