ASIAN DEVELOPMENT OUTLOOK
Growth and inflation outlook East Asia Subregional growth forecasts are revised down slightly from 7.6% to 7.5% for 2021 and from 5.1% to 5.0% for 2022 as recovery in the PRC is now seen to be weaker than earlier expected. The PRC saw GDP expand by 9.8% year on year in the first 3 quarters of 2021, with growth in industry at developing Asia
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