Posted 4/1/2024, 6:17:00 PM
Asian Economic Growth Slowing Under Weight of Debt, Trade Barriers and Policy Uncertainty
- Asian economies are growing slower than before the pandemic, forecast to be 4.5% this year
- Debt, trade barriers and policy uncertainty are dulling economic dynamism in the region
- A rebound in global trade and easing financial conditions will help offset weaker Chinese growth
- The region is underachieving its potential due to low productivity, trade restrictions, and underinvestment in education
- China aims for 5% growth this year but faces challenges shifting its economy away from real estate reliance