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World Bank trims Asia forecast but says no China hard landing
Published Mon, Oct 5, 2015 · 09:50 PM
Singapore
THE World Bank on Monday cut its growth forecasts for developing economies in East Asia and the Pacific but allayed fears of a hard landing for China's slowing economy.
The bank also said it expects any increase in US interest rates to have an orderly impact but warned of a risk that markets could react sharply, causing regional currencies to fall further.
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