IMF: The Asian economy is expected to grow 4.8% in 2026 and 4.4% in 2027, lower than the 5.0% growth rate in 2025. The tightening of US monetary policy and fiscal pressure on developed countries may continue to put upward pressure on Asian bond yields. The risks facing the Asian economic outlook are biased downward. Given Asia's deep participation in the AI industry chain, if there is an adjustment in AI demand, Asia will be particularly affected.

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