Investment Week (October 28)
2022/ 10/ 30 by jd in Global News
“The International Monetary Foundation cut its growth forecasts for the Asia and Pacific region on Friday (October 28) as it said the region was burdened by a ‘sharp and uncharacteristic slowdown’ of China’s economy, global financial tightening and the war in Ukraine.” Accustomed to growth averaging 5.5% over two decades, Asia’s “forecasts were dropped to 4% for 2022 and 4.3% for 2023, a 0.9 and 0.8 point drop respectively from April’s figures.”
