The Asian Development Bank also lowered its forecast for Asia
- to 5.8% (from 5.9% in its previous report in July)
Citing:
- U.S.-China trade war negative impact on the region's exports
- Tightening global liquidity
- capital outflows also a risk
- "Downside risks to the outlook are intensifying", said ADB Chief Economist Yasuyuki Sawada, pointing to the potential impact of U.S-Sino trade tensions on regional supply chains and the risk of sudden capital outflows if the Federal Reserve raises interest rates even more quickly. Via Reuters
none of those cited factors too much of a surprise.
