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The Independent UK
The Independent UK
National
Via AP news wire

World Bank says war shocks to drag on Asian economies

Copyright 2022 The Associated Press. All rights reserved

Disruptions to supplies of commodities, financial strains and higher prices are among the impacts of the war in Ukraine that will slow economies in Asia in coming months, the World Bank says in a report released Tuesday.

The report forecasts slower growth and rising poverty in the Asia-Pacific region this year as “multiple shocks” compound troubles for people and for businesses.

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