S&P Global lowers South-east Asia's growth forecast
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S&P Global has lowered its growth forecast for emerging South-east Asia to a still robust 5 per cent, from 5.6 per cent, on inflationary risks, with the Philippines seeing the biggest cut in growth forecast and Singapore, the largest uplift in consumer inflation.
Louis Kuijs, S&P Global's Asia-Pacific chief economist, said on Monday (Mar 28): "The war in Ukraine, US policy rate rises, spiking energy prices, and escalating Covid cases in China are complicating the outlook for what has been healthy expansion in regional economies.
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