Pacific rim economies in doldrums, sapped by inflation, war


              Laborers work on the construction of a residential apartment in Hyderabad, India, Friday, Aug. 5, 2022. India’s central bank on Wednesday raised its key interest rate by 50 basis points to 5.4% in its third such hike since May as it focuses on containing inflation. (AP Photo/Mahesh Kumar A.)
            
              FILE - Containers on ships are unloaded at Bangkok Port in Bangkok, Thailand. Friday, Oct. 15, 2021. Economies in the Asia-Pacific are forecast to slow sharply this year as decades-high inflation and the war in Ukraine compound geopolitical uncertainties and the aftereffects of the pandemic. (AP Photo/Sakchai Lalit, File)
            
              FILE - Workers carry a building material at the construction of Jakarta International Stadium in Jakarta, Indonesia, Tuesday, Oct. 26, 2021. Economies in the Asia-Pacific are forecast to slow sharply this year as decades-high inflation and the war in Ukraine compound geopolitical uncertainties and the aftereffects of the pandemic. (AP Photo/Dita Alangkara, File)
            
              FILE - Shoppers wait in line to go in to an outlets at a shopping mall in Putrajaya, Malaysia, Saturday, Oct. 9, 2021. Economies in the Asia-Pacific are forecast to slow sharply this year as decades-high inflation and the war in Ukraine compound geopolitical uncertainties and the aftereffects of the pandemic. (AP Photo/Vincent Thian, File)
            
              FILE - A Muslim couple wearing face masks to help curb the spread of the coronavirus shop for clothes at in Kuala Lumpur, Malaysia, on Monday, May 11, 2020. Economies in the Asia-Pacific are forecast to slow sharply this year as decades-high inflation and the war in Ukraine compound geopolitical uncertainties and the aftereffects of the pandemic. (AP Photo/Vincent Thian, File)
Pacific rim economies in doldrums, sapped by inflation, war