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"economic development" tag

Asian Development Bank slashes regional growth outlook

Emerging economies in the Asia-Pacific region are losing steam, which has prompted the Asian Development Bank to sharply cut its growth forecast. The bank calls for more financial stability and reforms. Gross domestic product (GDP)...

Recession hits eurozone despite growth in Germany, France

A slight expansion of economic activity in Germany and France couldn’t save the eurozone from a second recession in four years. The serious slump in the area’s southern periphery gives little hope for a recovery...