US to plunge East Asia into growth reduction – FT ...News

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US to plunge East Asia into growth reduction – FT
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Washington’s protectionist trade policies reportedly threaten the region’s economic development East Asia’s developing economies are facing one of the lowest growth rates in five decades as a result of negative factors such as US protectionism and rising levels of debt, the Financial Times reported on Tuesday, citing data by the World Bank. The institution cut its 2024 GDP growth forecast for East Asia and the Pacific on Sunday from the previously expected 4.8% to 4.5%. “The projections show that the region, one of the world’s main growth engines, is set for its slowest pace of growth since the late 1960s, excludi

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