The IMF says that Asia Pacific economies are headed for ‘soft landing’
Citing rapid disinflation and
resilient growth, although economic expansion is expected to slow over the next
two years:
region remained vulnerable to
commodity price shocks and trade disruptions caused by conflicts
in the Middle East and Ukraine.
On China, key factors that’ll slow growth include:
a structural slowdowncorrection in
its property sector,
growth in China projected to slow from 5.2% in 2023, to 4.6% this year and 4.1%
in 2025near-term risks were “broadly balanced”
This article was written by Eamonn Sheridan at www.forexlive.com.