World Bank Issues Warning For Asia's Economy

The Guardian: Ukraine war to slow growth and drive up poverty in Asia, World Bank warns 

Conflict adds strain to developing economies in east Asia and Pacific already struggling with Covid and inflation Russia’s invasion of Ukraine has further dampened the economic prospects for developing countries in east Asia and the Pacific, meaning lower economic growth and higher poverty in the region this year, the World Bank has warned. 

The Ukraine factor came on top of the existing risks that the region – home to 2.1 billion people and stretching from China to Papua New Guinea – has been facing in recent years.

They included the ongoing Covid-19 pandemic, the financial tightening in the US, and the pandemic resurgence amid China’s zero-Covid policies.  

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World Bank Issues Warning For Asia's Economy  

World Bank cuts East Asia's 2022 GDP forecast on Ukraine war -- Reuters  

Asia faces three big economic shocks: War in Ukraine, China and the Fed -- CNN  

World Bank lowers outlook for China, broader East Asia based on Russia's energy impact, rising U.S. rates -- Market Watch  

World Bank cuts Asia’s 2022 growth outlook on Ukraine war -- Al Jazeera