The Asian Development Bank (ADB) has projected a slowdown in economic growth across Asia, citing rising trade tariffs and persistent global uncertainties. In its latest forecast, the institution warns that protectionist policies and fluctuating supply chains could constrain regional output. While some nations may experience moderate expansion, overall momentum is expected to weaken compared to previous years. The report highlights that export-dependent economies are particularly vulnerable to shifts in international demand. Additionally, geopolitical tensions and monetary policy adjustments in major economies are contributing factors. ADB urges regional cooperation and structural reforms to enhance economic stability and support sustainable development.
— news from The Wall Street Journal
— News Original —
wsj.com
Tariffs, Uncertainty to Slow Asia’s Economic Growth, ADB Says The Wall Street Journal