Apac to see resilient growth amid China slowdown — S&P
KUALA LUMPUR, Sept 25 (NNN-Bernama) — The Asia Pacific (Apac) remained a multi-speed region, with its developed economies undergoing soft landings and seeing low but positive growth, while the emerging market economies are poised for robust expansions, said S&P Global Ratings.
S&P said it expected China to continue to contain its macroeconomic stimulus following a property-driven downturn.
The research house cut China’s growth forecast for 2023 to 4.8 per cent from 5.2 per cent and to 4.4 per cent from 4.8 per cent in 2024.
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