IMF says Asia-Pacific economies heading for ‘soft landing’
Citing rapid disinflation and resilient growth, although economic expansion is expected to slow over the next two years:
- The region remains vulnerable to commodity price shocks and trade disruptions caused by conflicts in the Middle East and Ukraine.
In China, the main factors that will slow growth include:
- a structural slowdown
- correction of its real estate sector,
growth in China is expected to slow from 5.2% in 2023 to 4.6% this year and 4.1% in 2025
- short-term risks were “broadly balanced”
This article was written by Eamonn Sheridan at www.forexlive.com.
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