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'Asia-Pacific sovereigns navigate challenges with resilient growth in '24'
![IndiaTimes]()
Tuesday, 26 December 2023
Asia-Pacific sovereigns are poised for resilient growth in 2024, outperforming global peers, according to Fitch Ratings' latest outlook. APAC sovereigns will sustain robust growth in 2024, remaining comparatively higher than other regions. The resilience is attributed to the deceleration of growth in the US and China, as well as the anticipated recovery in the tech cycle. However, challenges loom with high borrowing costs and modest fiscal consolidation contributing to rising debt ratios in approximately half of the APAC sovereigns.
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Tuesday, 26 December 2023
