The 2019 forecast represents a slight downgrade from its December forecast of 5.8 percent. For 2020, the region is forecast to grow 5.6 percent, which would be the slowest since 2001. “A drawn out or deteriorating trade conflict between the People’s Republic of China and the United States could undermine investment and growth in developing Asia”, Yasuyuki Sawada, ADB’s chief economist, said in a statement. Growth in the Chinese mainland is projected to cool further to 6.1 percent in 2020. China has set its 2019 economic growth target at 6.0 to 6.5 percent.

Source: bd News24 April 03, 2019 01:30 UTC