(Aug 16): Goldman Sachs Group Inc slashed growth forecasts for the “Asian Tigers” as their exposure to the world economy -- once one of their greatest strengths -- is now backfiring as global growth slows amid trade tensions.

“Besides their own domestic reforms, they all benefited enormously from the broader context of globalization and the rapid economic development of the Asia-Pacific region,” Goldman economists led by Andrew Tilton wrote in a report Thursday. “However, the same characteristics that helped them benefit on the upside have left them relatively more exposed to the recent slowdown in global growth.”

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