World Bank warns of slowing growth in developing East Asia

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 Washington-based institution said in the latest issue of its bi-annual East Asia and Pacific Update: "Growth in developing East Asia is expected to ease from 6.5 per cent in 2015 to 6.3 per cent in 2016 and 6.2 per cent (on average) in 2017-18."