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Asia-Pacific growth to slow to 5.8% in 2019: World Bank

The report highlights the weakening global demand and heightened uncertainty that led to a decline in exports and investment growth

twitter-logo Reuters   Washington     Last Updated: October 10, 2019  | 10:54 IST
Asia-Pacific growth to slow to 5.8% in 2019: World Bank
Main office of World Bank, located in Washington.

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.

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.

Also read: India behind UK, France as 7th largest economy in the world in 2018: World Bank

Also read: India retains top spot in remittances with $79 billion in 2018: World Bank

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