Mon. Nov 18th, 2019

Moody’s cuts its growth outlook for 16 Asian countries

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Moody’s Investors Service on Friday said it’s revised downward its GDP growth outlook for 16 Asian economies. The revision came due to sharp slowdown in “externally-oriented” economies, as well as domestic factors holding back Japan, India and the Philippines. Softer capital formation has mirrored the weakening in exports, especially for trade-reliant economies such as Korea and Hong Kong, Moody’s said.

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