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Update news Asian economies
Vietnam is forecast to lose some 0.41 percent of GDP due to the novel coronavirus (COVID-19) outbreak, according to the latest report by the Asian Development Bank (ADB).
Oil prices started August trading with fresh falls on Monday after several bearish reports, including rising output from OPEC, a rise in U.S. drilling and weak economic data from Asia.
The Asian Development Bank has lowered its growth forecasts for Asia's developing economies on the back of slowing growth in both China and India.
Asian economies are confronted with challenges in four key areas if they want to maintain growth in the next decade, a senior economist from the Australian Treasury warned on Wednesday.