World Bank says 2019 Asia-Pacific growth to slow to 5.8% on trade tensions

Published October 10, 2019, 12:00 AM

by manilabulletin_admin

By Reuters

BANGKOK – Asia Pacific growth is expected to slow to 5.8% in 2019, down from 6.3% in 2018, due to uncertainty around the ongoing US-China trade tensions, a World Bank report said on Thursday.

A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018.  (REUTERS/Johannes P. Christo/File Photo/MANILA BULLETIN)
A participant stands near a logo of World Bank at the International Monetary Fund – World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. (REUTERS/Johannes P. Christo/File Photo/MANILA BULLETIN)

The report highlights the weakening global demand and heightened uncertainty that led to a decline in exports and investment growth, and points out that increasing trade tensions pose a long-term threat to regional growth.

 
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