Trade policy woes to hamper investments, S&P Ratings says

Roache said the rating agency's forecast for China's growth in 2020 was lowered to 5.7% as financial conditions tighten again.

KUALA LUMPUR: Asia-Pacific growth will be disappointing at about 4.7% in 2020 as trade policy uncertainty encourages firms to go slow on investment, S&P Global Ratings said.

The rating agency said while its forecast has been reduced from 4.8%, the threat of a sharp downturn across Asia-Pacific has receded over the past quarter for three reasons.