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ADB Cuts Asia's Growth Forecast to Under 7%

Thursday, 6 Nov 2008 | 6:43 PM ET

Asian Development Bank has cut Asia's 2008 growth to slightly under 7% from 7.5%, says its managing director general Rajat Nag. But the region's fundamentals are considerably better now compared to the 1997 Asian Financial Crisis. He tells Paul Mortimer-Lee from BNP Paribas & CNBC's Amanda Drury why.