Asia-Pacific faces weaker growth

In a statement yesterday, Moody’s Investors Service said the region faced “weaker growth, higher inflation and financial market uncertainty” that will worsen pandemic-related economic scarring.

KUALA LUMPUR: The Asia-Pacific (Apac) region will face the spillover effects of the Russia-Ukraine war as there are growing risks to the global economy that is weakening regional growth.

In a statement yesterday, Moody’s Investors Service said the region faced “weaker growth, higher inflation and financial market uncertainty” that will worsen pandemic-related economic scarring.