adb urges preparation for us rate hike
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

ADB Urges Preparation for US Rate Hike

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Arab Today, arab today 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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