ADB sees modest growth impact on Asia if Middle East conflict lasts about a month

2026-03-06 - 06:53

MANILA -- The Asian Development Bank's chief economist said on Friday that if the Middle East conflict and closure of the Strait of Hormuz last only about a month, as some U.S. projections suggest, the impact on growth in developing Asia would be modest, with only a slight and temporary "downward blip" in annual GDP.