World Bank flags China risk to Asian economies
Tokyo
WITH China's growth expected to slow further this year, even as some other major emerging markets remain in recession, global growth will depend critically upon continued strength in the advanced economies, the World Bank said in its flagship report on Wednesday.
Its latest Global Economic Prospects report identified India as a bright spot among emerging economies, but noted that the picture was darker for other emerging economies such as Russia and Brazil, which remain in recession.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US law firm Mayer Brown to split from Hong Kong partnership
US labour costs rise by most in a year as productivity cools
US trade deficit narrows slightly in March
Canada posts surprise trade deficit as gold exports fell in March
OECD upgrades global growth outlook as US outperforms
US weekly jobless claims unchanged; layoffs decline in April