- Analytics
- News and Tools
- Market News
- Asia growth forecasts downgraded – ABN AMRO
Asia growth forecasts downgraded – ABN AMRO
Arjen van Dijkhuizen, senior economist at ABN AMRO, suggests that they have recently adopted a more negative view on trade tensions and the impact thereof on the global economy and as a result, they have lowered their growth forecasts for a wide range of advanced and emerging economies, while expecting a global easing cycle to cushion the blow.
“We have also cut our growth forecasts for export-oriented emerging Asia, as the (re)escalation of the US-China trade/tech conflict has left its mark on regional supply chains, on business confidence and on financial conditions, while external demand has softened. We cut our growth forecasts for China only modestly (for 2019 from 6.3% to 6.2% and for 2020 from 6.0% to 5.8%), as we expect more policy support to offset the larger drag from the trade conflict. For the majority of the other EM Asian countries, we cut our 2019-20 growth forecasts by around 0.5 ppt. As a result, we now expect regional growth to slow from 6.1% in 2018 to 5.7% (down from 5.9%) in 2019 and to 5.5% (down from 5.8%) in 2020.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
