Reported 2 days ago
The World Bank has revised its economic growth forecast for South Asia down to 5.8% for 2026, primarily due to significant US tariffs on Indian exports. This represents the lowest growth rate for the region in 25 years, excluding times of global recession. Despite some resilience in domestic demand, India’s growth projection was reduced due to the adverse effects of these tariffs. The region faces additional risks from a volatile global economy and social unrest, sparking concerns about future economic stability.
Source: YAHOO