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European and US woes to hit Asia, but soft landing tipped for China

Yvonne Chan
Headwinds from the West are forecast to drag down Asian growth, although China will have a soft landing, predicts Bank of America Merrill Lynch.
European and US woes to hit Asia, but soft landing tipped for China

A recession in Europe next year, combined with a slowdown in the US economy, will be a drag on Asia’s growth next year, but China will endure a relatively soft landing and the value of the renminbi will remain flat, according to Bank of America Merrill Lynch.

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