ADB trims 2016 growth forecast for developing Asia on Brexit vote
Is now expected to expand 5.6% this year
 "ADB trims 2016 growth forecast for developing Asia on Brexit vote")
The Asian Development Bank (ADB) on Monday lowered its growth forecast for developing Asia this year, citing the slowing US economy, and near-term market shocks from Britain's Brexit vote.
Developing Asia, which groups 45 countries in the Asia-Pacific region, is now expected to expand 5.6 per cent this year, slightly weaker than a March forecast of 5.7 per cent, the ADB said in a supplement to its Asian Development Outlook 2016.
The Manila-based lending body kept its 2017 growth estimate for the region at 5.7 per cent, however.