Coronavirus further dents Asia's growth prospects: Moody's
These include China`s steadily decelerating growth and the fact that it is a major source of export demand for many Asian markets; growing demographic challenges in places like Thailand and Korea, a less stable geopolitical environment and the increasing threat to multilateral global trade relations.
Lower growth could make it more difficult for governments in the region to defuse social tensions, raising political risk and reducing policy effectiveness, Photo: Reuters