The outlook for major Asian economies has once again been revised downward, due to the negative influence of the U.S.-China trade war, which has caused exports to fall across the region. The 2019 growth forecast for the five Association of Southeast Asian Nations members was 4.3%, marking the fourth consecutive downward revision since a survey in September 2018.
The Indian economy is still likely to maintain growth of nearly 7%, but that projection is lower than it was. Recognizing the U.S.-China tensions as the biggest risk for their economies, Asian economists believe that the uncertainty will continue, a survey found.
