WNA Globe

World News by Wild Rose

#trade flows ร—

Asia growth forecasts slashed as Iran war and tariffs threaten supply chains

Asia-Pacific economies are likely to suffer a slowdown in growth this year, as rising costs linked to the US-Israel war on Iran combine with lingering trade uncertainty to threaten global trade flows, according to forecasts by top international organisations. The predictions come despite China showing resilience in the first quarter by posting better-than-expected growth of 5 per cent and finance minister Lan Foan last week stressing that the worldโ€™s second-largest economy would remain an engine...