Pacific Rim Economies in Doldrums, Sapped by Inflation, War

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Most economies in the region are just beginning to fully emerge from border closures and other pandemic-related precautions.

Economies in the Asia-Pacific are forecast to hit the doldrums this year as decades-high inflation and the war in Ukraine compound geopolitical uncertainties and the aftereffects of the pandemic.

The report forecast that regional growth would only pick up slightly in 2023, to 2.6 percent.

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Author / Journalist: Elaine Kurtenbach

Category: Economy

Topics: Year Economies Other Percent August Growth China Region Inflation Economy Asia

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-08-06, 00:22:00

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Reading Time: 6 minutes read

Article Length: 1047 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 115395

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About The Diplomat

Main Topics: Economy

Official Website: thediplomat.com

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Year Established: 2001

Headquarters: United States

News Last Updated: 1d ago

Coverage Areas: United States

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Publication Timezone: GMT +8:00

News Language: English

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