Asian economies face headwinds in 2024

By Associated Press

Apr 02, 2024 12:08 am

BANGKOK: Asian economies are not doing as well as they could, and growth in the region is forecast to slow to 4.5 percent this year from 5.1 percent in 2023, the World Bank said in a report released on Monday.

Debt, trade barriers and policy uncertainties are dulling the region's economic dynamism, and governments need to do more to address long-term problems such as weak social safety nets and underinvestment in education, the report says.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Apple faces billion-pound lawsuit in UK

Thai Cabinet favors casino legalization

UK to 'unleash' AI to turbocharge economy

TSMC Q4 profit seen jumping 58%

Bezos unfazed by Musk's close ties with Trump

'US risks global energy instability with sanctions'

More firms pulling back on DEI efforts