2024 Asian economies' growth projected to slow to 4.5% from 5.1%, facing debt, trade barriers, and policy uncertainties.
Asian economies' growth is projected to slow to 4.5% in 2024 from 5.1% in 2023, according to the World Bank. Debt, trade barriers, and policy uncertainties are affecting the region's economic dynamism, and governments are urged to address long-term issues such as weak safety nets and underinvestment in education. Despite Asia growing more slowly than before the pandemic, it still outperforms other regions. Rebounding global trade and easing financial conditions due to central banks cutting interest rates will help offset weaker growth in China.
April 01, 2024
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