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World Bank warns of slowing growth in developing East Asia

Tuesday, April 12, 2016 - 05:50

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The World Bank said the overall forecast for the region "reflects China's gradual shift to slower, more sustainable growth", which is expected to be 6.7 per cent in 2016 and 6.5 per cent in 2017, down from 6.9 per cent in 2015.

Tokyo

THE World Bank on Monday delivered a cautious assessment of economic prospects for the developing countries of East Asia, saying that growth in the region is likely to ease moderately in the coming two years amid what it called "elevated risks" to the region's outlook.

The

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