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Asia Faces a Debt and Growth Squeeze
Description
The IMF is warning of mounting global debt, rising borrowing costs and slowing growth across Asia, with the region's expansion forecast to ease from 4.8% this year to 4.4% in 2027. Higher energy prices, tighter financial conditions and uncertainty surrounding the AI investment boom are adding to the risks. We speak to Vishrut Rana, Senior Economist for Asia-Pacific at S&P Global Ratings, about the key concerns emerging from the IMF and World Bank meetings, China's economic slowdown, Malaysia's fiscal resilience and what lies ahead for the region.
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