The International Monetary Fund downgraded Asia's growth outlook citing prolonged global policy uncertainty and slowing growth in China and India, and highlighted rising downside risks to growth.
According to the latest economic assessment for Asia and the Pacific, released Wednesday, Asia will grow only 5 percent this year instead of 5.4 percent projected earlier due to weak trade and investment. This would be the slowest expansion since the global financial crisis.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.