MANILA, June 18 (Reuters) - The Asian Development Bank (ADB)
on Thursday slashed its growth forecast for developing Asia this
year to 0.1% from 2.2% to reflect the impact of the lockdowns on
economic activity due to the coronavirus pandemic.
The ADB kept its economic growth forecast for developing
Asia for next year at 6.2%.
Measures to contain the contagious flu-like virus have
hammered economies in Asia, causing a freeze in domestic demand
and the shuttering of businesses.