Trade war poses risks for Asia's growth, says ADB

Region set to meet expectations but increased protectionism could hit confidence

20180718 Trump Xi ADB outlook

"The risk of further ratcheting up of protectionist measures could undermine consumer and business confidence and thus developing Asia's growth prospects," the ADB said. 

MIKHAIL FLORES, Nikkei staff writer

MANILA -- Asia's growth prospects could suffer if the trade disputes between the U.S. and China continue to worsen, the Asian Development Bank said in a new report.

In its Asian Development Outlook Supplement, the ADB kept its earlier growth forecast for Developing Asia at 6% this year and 5.9% in 2019, saying most economies in the region are on track to meet expectations. Developing Asia covers 45 of the ADB's 67 member economies, which also include countries in Europe and North America.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.