Growth in Asia to stay robust: Report

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

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

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'. Print Edition | Subscribe