The Asia-Pacific economic growth is expected to slow down in the coming years, influenced significantly by external trade factors.
Key Factors Affecting Growth
- US Tariffs: The imposition of tariffs by the United States has created barriers for trade, impacting exports and imports within the Asia-Pacific region.
- Declining Demand: Weaker global demand has contributed to lower economic momentum, affecting both manufacturing and services sectors.
Projected Outlook
According to S&P Global Ratings, the slowdown is expected to persist through 2026, necessitating adjustments in economic policies and trade strategies by the affected countries.
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