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Asia-Pacific Sector Roundup Q3 2024: Trade Tensions To Drive A Bigger Wedge

We expect Asia-Pacific growth to hold up this year, but to be uneven across geographies and sectors. Most emerging markets should still see robust growth, even as we lowered our 2024 forecast for Thailand, Vietnam, and the Philippines. China's industrial production-led growth continues, but the country is grappling with soft demand. In Japan and Australia, elevated inflation and interest rates are eroding households' real income and balance sheets.

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