Asian Development Bank: Tariffs meet Federal Reserve rate cuts, Asian economies welcome "encouraging relief"
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Asian Development Bank Chief Economist Albert Park stated that the Federal Reserve's interest rate cuts will alleviate the tariff pressures faced by Asian economies. The Fed is expected to cut rates in September, helping to improve financial conditions and provide breathing room for loan repayments. Despite the fragile fiscal outlooks of Laos and the Maldives, the overall macroeconomic outlook for Asian economies remains positive. The ADB will release its latest Asian economic growth forecast this month, which is expected to be similar to the revisions made in July
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