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Economic activity in Asia-Pacific to hold up in 2018: Fitch

PC Lee Published on Thu, Dec 07, 2017 / 11:42 AM GMT+8

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SINGAPORE (Dec 7): Economic activity in Asia-Pacific (APAC) is expected to hold up next year on strong domestic demand and rising volumes of world trade, says Fitch Ratings.

Growth will be stronger for more than half of the 12 emerging market (EM) countries rated by Fitch, with China a notable exception as tighter credit conditions weigh on its housing market.

Fiscal policies are supporting boosts in infrastructure spending and monetary conditions remain lax thanks to the room from low inflation rates even as global financial conditions tighten, says the ratings agency in its Fitch 2018 Outlook: Emerging Asia Sovereigns report published on Thursday.