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Ukraine war

Emerging Asia to grow 5.8% in 2022 but Ukraine deepens risks: OECD

China, India and ASEAN face inflation, supply disruptions, weaker confidence

A construction site for a high-speed railway in Indonesia: Infrastructure spending is one factor seen driving growth in emerging Asia this year.   © Reuters

SINGAPORE -- The Ukraine war adds to inflation and supply chain risks facing an emerging Asia attempting to break out of the COVID-19 slump, the Organization for Economic Cooperation and Development warned on Tuesday.

In a new report, the OECD projects that the gross domestic product of emerging Asia -- China, India and the 10 members of the Association of Southeast Asian Nations -- will grow 5.8% this year, following a 7.4% expansion in 2021 and a 0.8% contraction in 2020.

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