ADB Urges Preparation for US Rate Hike
Asian Development Bank.
Tokyo - QNA
The Asian Development Bank is urging people in the region to prepare for a possible interest rate hike by the US Federal Reserve.
ADB officials released their latest economic outlook for 45 Asia-Pacific countries and territories on Tuesday.
They said that the region's economy will grow 5.7% this year. That's the same as their previous forecast in March.
ADB analysts said that if the Fed raises its key interest rate again, investors might pull their funds out of emerging economies.
Source : XINHUA
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