13:13 - 25.09.2019

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September 25, Fineko / abc.az. The trade conflict between China and the United States may continue in 2020 amid more serious problems than we expect for large economies.

According to ABC.AZ, this is stated in the Report on Prospects of Asian region development from 2019 (AIP)".

According to the report, the main problems for the Asian region include weakening trade and lower investment. This report notes that the prospects for economic growth between the sub-regions of developing Asia are different. As a result of the slowdown in world trade against the backdrop of a sharp decline in the electronics cycle, forecast indicators for more open countries of the PRC, as well as for East and Southeast Asia, decreased. In the AIP report for 2019, Chinese economy is projected to expand by 6.2% this year, and 6.0% next year. In general, economic growth in East Asia will be 5.5% in 2019, 5.4% in 2020, in Southeast Asia - 4.5% and 4.7%, respectively.