US-China trade war dims Asia's 2019 growth outlook, says ADB
Updated : September 26, 2018 08:28 AM IST
Tightening global liquidity could also weigh on business activity by pushing up borrowing costs, while capital outflows are also a risk.
The Manila-based institution kept its 2018 economic growth estimate for the region at 6.0 percent in an update of its Asian Development Outlook. But it trimmed next year's forecast to 5.8 percent from 5.9 percent.
The United States and China imposed fresh tariffs on each other's goods on Monday as the world's biggest economies showed no signs of backing down from an increasingly bitter trade dispute that is expected to hit global economic growth.