Asian Development Bank trims emerging Asia 2019 growth forecasts

The Asian Development Bank (ADB) has reportedly revised lower the 2019 growth forecasts for emerging Asian nations to 5.7 percent from the previous forecast of 5.8 percent, citing risks from the Sino-US trade war and potential hard Brexit.

Key points

ADB expects emerging Asian economies to expand by 5.6 percent in 2020.

ADB keeps China 2019 GDP forecast unchanged at 6.3 percent, expects slight deceleration to 6.1 percent in 2020.