In an update of its flagship annual economic publication, Asian Development Outlook 2015 (ADO 2015), ADB now sees gross domestic product (GDP) growth for the region coming in at 5.8% in 2015 and 6.0% in 2016—below the March forecasts of 6.3% for both years.
The Asian Development Bank has lowered its 2015 economic growth forecast for Thailand, in light of slowdown in the Chinese economy.
The bank cut the 2015 and 2016 forecasts for Thailand to 2.7 per cent and 3.8 per cent, from previously projected 3.6 per cent and 4.1 per cent, respectively.