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A recession is unlikely in the Asia-Pacific (APAC) region in the coming year, although the area will face headwinds from higher interest rates and slower global trade growth, Moody's Analytics said today.
A recession is unlikely in the APAC region in the coming year, although the area will face headwinds from higher interest rates and slower global trade growth, Moody's Analytics said on Thursday. In its analysis titled 'APAC Outlook: A Coming Downshift', Moody's said India is headed for slower growth next year more in line with its long-term potential.
It warned that if high inflation persists, the Reserve Bank of India (RBI) would likely take its repo rate well above 6 per cent, causing GDP growth to falter, , Moody's, economic growth, slower growth