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Bangkok Post
Bangkok Post
Business

UNCOVERED: Imf downgrades asia pacific forecast - Caught on Camera

A general view shows the Chao Phraya River and high-rise buildings in Bangkok on Nov 17, 2021. (Photo: Arnun Chonmahatrakool)

The International Monetary Fund (IMF) has lowered its growth forecast for the Asia Pacific region this year to 4.2% -- 0.7 percentage point lower than it expected in April, and well below the region’s 6.5% growth in 2021.

The fund also cut its 2023 forecast for the area to 4.6%, down by 0.5 percentage point.

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