ADB lowers Maldives’ inflation forecast to 2.2%

2 days ago

The Asian Development Bank (ADB) has lowered the Maldives’ inflation forecast to 2.2 percent this year, but warns that delays in reforming loss-making state-owned enterprises and universal subsidy schemes could intensify the fiscal strain the country is under. The ADB released its latest Asia Development Outlook report on Wednesday. The Maldives’ GDP growth projection remains unchanged from the last report released