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China to power Asia economic recovery in 2023: UBS GWM

A mid-year recovery will help Asia’s economic growth bounce back to 4.4% in 2023, driven by a rebound in China, according to UBS Global Wealth Management (UBS GWM). Early on in 2023, the Swiss bank said on Monday, high inflation, tight monetary policy, and slumping exports will continue to cause the region’s economy to contract. However, Asia will reach a turning…

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