ADB: Rate hikes, Ukraine war, China woes dim Asia growth outlook – by anilpanchal7 Asia RiskAppetite Banks China Growth
l bank monetary tightening, the fallout from the war in Ukraine and COVID-19 lockdowns in China, reported Reuters.The ADB now expects the area's combined economy, which includes China and India, to grow 4.3% this year, after previously trimming the forecast to 4.6% in July from 5.2% in April.
"Since the April Asian Development Outlook, various headwinds have strengthened," said ADB Chief Economist Albert Park. A significant global economic downturn would severely undermine demand for the region's exports, he warned. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Asian stocks brace for salvo of central bank hikesMarkets idled as investors braced for a week with 13 central-bank meetings that are certain to see borrowing costs rise.
Lire la suite »
Asian Stock Market: Displays mix performance ahead of central bank week, oil slips below $85.00Markets in the Asian domain are displaying a mixed performance ahead of a volatile week, which will be full of surprises led by interest rate announce
Lire la suite »
Asian markets slip lower following last week's broad decline on Wall StreetAsian shares fell Monday after another week of sizable losses on Wall Street, as investors braced for another interest rate hike by the U.S. Federal Reserve.
Lire la suite »
Analysis: Asian farmers plant to boost palm oil output, seedling shortage slows paceFarmers across Asia are busy planting trees to boost palm oil production but nurseries are struggling to keep up with demand for sprouts and seedlings, risking a delay in the industry's recovery from the COVID-19 pandemic.
Lire la suite »
Asian American rally organizer attacked by homeless woman in San Francisco Portola neighborhoodA San Francisco rally organizer said she was hurt in an unprovoked attacked in the Portola neighborhood in broad daylight on September 2nd.
Lire la suite »
India's Rice Export Ban: The Asian Countries Set to Be Hit Hard — and Those That'll ProfitPhilippines, followed by Indonesia, stood out as the countries most vulnerable to India’s rice export ban the ban, according to Nomura.
Lire la suite »