Growing debt is 'biggest risk' for East Asia: World Bank VP

Ferro discusses how inflation and Ukraine war could impact region's recovery

20220818N China construction

A construction site in Beijing. The World Bank sees a significant deceleration of regional growth prospects in Asia, driven by a decline in projections for growth for China. © Reuters

DAICHI MISHIMA, Nikkei staff writer

TOKYO -- After years of economic expansion driven by its growing population, Asia has reached a crossroads due to the coronavirus pandemic, historic inflation and rapid interest rate hikes in the U.S.

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