On Friday last week (July 16), the Asian Development Bank (ADB) cut its 2015 growth forecast for Developing Asia to 6.1% from 6.3%, amidst slower-than-expected economic activity in the United States (US) and the People’s Republic of China (PRC). In a supplement to its Asian Development Outlook (ADO) 2015 published last March, ADB also projected the 2016 gross domestic product (GDP) growth for the region to come in at 6.2%, down from 6.3% forecast previously.To subscribe please click here