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

Reuters     October 10, 2019

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

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