Tuesday, 8 September 2015

Moody's sees lower growth in Asia-Pac on slowing exports

Subdued global growth, exacerbated by weaker demand from China, is likely to lead Asia-pacific (APAC) growth lower, says Moody's Investors Service. 
It has hence lowered its growth forecast for many APAC countries. "Weak demand from China (Aa3 stable) has dampened the overall export outlook for the region, while softer commodity prices weigh on some sovereigns' export revenues, growth and fiscal balances," the report states.

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