Growth in Asia to stay robust: Report

It is expected to stay at mid-5% level, but rising interest rates and global trade tensions may derail it

Workers unloading bags of rice from a cargo ship onto a truck at Tanjung Priok Port in Jakarta. The Asean+3 Macroeconomic Research Office said in its report that stronger global growth has helped the region build up buffers against potential external
Workers unloading bags of rice from a cargo ship onto a truck at Tanjung Priok Port in Jakarta. The Asean+3 Macroeconomic Research Office said in its report that stronger global growth has helped the region build up buffers against potential external shocks. PHOTO: REUTERS
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Growth in Asia is expected to remain robust in the coming years on the back of improving global demand, according to a new report out on Wednesday.

But two key risks could derail this rosy outlook: interest rates rising faster than expected, or an escalation in global trade tensions.

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A version of this article appeared in the print edition of The Straits Times on May 04, 2018, with the headline Growth in Asia to stay robust: Report. Subscribe