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Sunday, July 31, 2022

[New post] Asia’s Economies Face Weakening Growth, Rising Inflation Pressures

Site logo image lookingbeyondborders posted: " The global economic outlook has darkened, and growth across Asia and the Pacific is poised to slow further amid the continuing impact of Russia's invasion of Ukraine and other shocks. Economic growth in Asia and the Pacific is projected to decelerate to " looking beyond borders

Asia's Economies Face Weakening Growth, Rising Inflation Pressures

lookingbeyondborders

Jul 31

The global economic outlook has darkened, and growth across Asia and the Pacific is poised to slow further amid the continuing impact of Russia's invasion of Ukraine and other shocks. Economic growth in Asia and the Pacific is projected to decelerate to 4.2 percent this year, 0.7 percentage points less than we forecasted in April and slower than the 6.5 percent growth in 2021. We lowered our 2023 forecast to 4.6 percent, down by 0.5 percentage points. Read More Here

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