World Bank names factors that will slow Asian growth ...News

They involve Russia, Ukraine, China, and the US Sanctions on Russia and the crisis in Ukraine will slow economies in Asia this year, the World Bank has warned. Other factors include “financial tightening in the US, and structural slowdown in China,” the institution wrote in the latest East Asia and the Pacific Economic Update, published last week. The crisis in Ukraine and the subsequent sanctions on Russia could affect the Asia-Pacific region by disrupting the supply of commodities, increasing financial stress and reducing global confidence, the World Bank said. The region’s direct dependence on Russia and Ukrain

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