Asian economies to slow to 4.5% growth in 2024

The Associated Press April 1, 2024, 08:00 AM UTC

Summary: The World Bank forecasts Asian economies to slow to 4.5% growth in 2024 from 5.1% in 2023 due to debt, trade barriers, and policy uncertainties. Despite outperforming other regions, Asia is underachieving its potential. China aims for 5% growth, but faces challenges transitioning to balanced growth. The region needs to improve productivity, efficiency, social welfare, and education to boost growth.

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