The World Bank has said economies in Asia will slow down in the coming months. In a report released yesterday, the World Bank said the slow down is due to disruptions to supplies of commodities, financial strains and higher prices.<br />''<br />''Forecasting slower growth and rising poverty in the Asia-Pacific region this year,&nbsp;World Bank has said growth for the region is estimated at 5 percent, down from the original forecast of 5.4 percent. &nbsp;<br />''<br />''The World Bank anticipates that China, the region's largest economy, will expand at a 5 percent annual pace, much slower than the 8.1 percent growth of 2021.<br />''<br />''<br />''<span style="color: #222222;">The report also pointed to three main potential shocks for the region- the Russia-Ukraine conflict, changing monetary policy in the U.S. and some other countries and a slowdown in China.</span><br />
News On AIR | April 6, 2022 2:03 PM
World Bank says economies in Asia will slow down in the coming months