In its latest report released on Friday, the US-based Moody’s Investors Service made downward revisions to its GDP growth forecast for 16 economies in Asia Pacific. Key Highlights: “Of the 16, Hong Kong and Singapore have shown particularly weak expansions this year. Externally-oriented economies saw a sharper slowing during the first six months of 2019, while domestic factors have had a greater influence on growth in Japan, India and the Philippines. The weaker global economy has stunted Asian exports and the uncertain operating environment has weighed on investment. As for the Philippines, the delay in the passing of the government budget has disrupted its infrastructure build-out, while in Malaysia and Sri Lanka, fiscal tightening has posed drags. And with India, the moderation in business sentiment and slow flow of credit to corporates have contributed to weaker investment in the country.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD technical analysis: Struggles near the lower end of a 2-week old trading range FX Street 4 years In its latest report released on Friday, the US-based Moody's Investors Service made downward revisions to its GDP growth forecast for 16 economies in Asia Pacific. Key Highlights: "Of the 16, Hong Kong and Singapore have shown particularly weak expansions this year. Externally-oriented economies saw a sharper slowing during the first six months of 2019, while domestic factors have had a greater influence on growth in Japan, India and the Philippines. The weaker global economy has stunted Asian exports and the uncertain operating environment has weighed on investment. As for the Philippines, the delay in the passing of the government… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
