The Asian Development Bank downgraded the growth forecasts for Asia to 5.7 per cent this year and 5.6 per cent next year, down from 6.2 per cent in 2017 and 5.9 in 2018. Photo: AFP
US-China trade war is the ‘biggest threat’ to Asian economies as growth forecasts slashed
- The Asian Development Bank has cut its growth outlook for Asia, blaming sluggish demand and the trade tensions between China and the United States
- Report by chief economist Yasuyuki Sawada came a day after the World Trade Organisation reduced its global trade growth forecasts due to the trade conflict
The Asian Development Bank downgraded the growth forecasts for Asia to 5.7 per cent this year and 5.6 per cent next year, down from 6.2 per cent in 2017 and 5.9 in 2018. Photo: AFP
