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Country still “remains one of the fastest-growing economies in East Asia and Pacific Region,” though, WB says (Eagle News) — The World Bank has downgraded the Philippines’ economic outlook for 2019, even as it noted that the Southeast Asian country remains “one of the fastest-growing economies in the East Asia and Pacific Region.” In a statement, the WB forecast the country’s economic growth for next year at 6.5 percent, from the previous outlook of 6.7 […]
Asian share markets swept lower Monday (January 11) after Wall Street suffered its worst starting week in history and doubts over Beijing’s economic competence sent investors into the arms of the safe-haven yen and sovereign bonds. The absence of Tokyo for a holiday only made liquidity even harder to come by, heightening volatility. South Korean shares fell, led by concerns about China and caution ahead of earnings later this month. The Korea Composite Stock Price […]
