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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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Asian Development Bank: Trade Tensions Bleak Growth Outlook for Developing Asia

rocky
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Asian Development Bank: Trade Tensions Bleak Growth Outlook for Developing Asia Empty Asian Development Bank: Trade Tensions Bleak Growth Outlook for Developing Asia

Post by rocky Wed 25 Sep 2019, 3:39 am

Asian Development Bank: Trade Tensions Bleak Growth Outlook for Developing Asia

Asian Development Bank: Trade Tensions Bleak Growth Outlook for Developing Asia 17295






Economy News _ Baghdad
The Asian Development Bank (ADB) said the growing trade tensions between the United States and China have darkened the outlook for developing countries in Asia, with slower growth expected in the current and next two years than expected.
Developing Asia, a group of 45 countries in the Asia-Pacific region, is likely to grow by 5.4 percent this year and 5.5 percent next year, the bank said in an update of its Asia Development Prospects report, down from a 5.7 percent forecast in July. .6 percent.
Growth in the group was 5.9 percent in 2018.
There has been a trade dispute between the United States and China for more than a year, both of which impose billions of dollars in additional tariffs on other country's goods.
High-level talks between the world's two largest economies are scheduled for early October.
The bank said China's economy was likely to grow 6.2 percent this year, weaker than its 6.3 percent forecast in July.
The mainland's growth is expected to fall further to 6 percent in 2020. China aims to grow between 6 percent and 6.5 percent in 2019.



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