S&P: No meaningful contagion yet for Asia-Pacific from US banks and Credit Suisse turmoil Asia RatingAgencies Banks
S&P Global Ratings is out with its review, assessing the economic recovery risk of Asia-pacific, in the facing of the global banking crisis.“Growth in annual real GDP in Asia-Pacific will average at the mid 4% level over the next few years.”
“For Asia-Pacific net rating outlook bias remains steady at negative 3%; downside risks are worsening.“ If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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