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Debt, trade barriers and uncertainty will drag on Asian economies in 2024, World Bank report says

Debt, trade barriers and uncertainty will drag on Asian economies in 2024, World Bank report says

BANGKOK (AP) — Asian economies are not doing as well as they could and growth in the region is forecast to slow to 4.5% this year from 5.1% in 2023, the World Bank said in a report released Monday.

Debt, trade barriers and policy uncertainties are dulling the region’s economic dynamism and governments need to do more to address long-term problems such as weak social safety nets and underinvestment in education, the report says.

Asia’s economies are growing more slowly than before…

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