World Bank releases new ‘East Asia and Pacific Update’

Published: 5 October 2015. Source: http://www.worldbank.org/en/news/press-release/2015/10/04/growth-in-east-asia-pacific-likely-to-moderate-but-still-remain-solid-says-world-bank-report

The East Asia and Pacific Update published

On 4 October the World Bank released their twice-yearly publication The East Asia and Pacific Update. This report is the World Bank’s comprehensive review of the region’s economies. It is published twice yearly.

The report looks at the challenging global environment facing the region. The recovery in high-income economies remains gradual, global trade is growing at its slowest pace since 2009, and the widespread slowdown in developing countries has intensified, particularly in commodity producers affected by lower commodity prices.

The performance trends across East Asia are diverse. China’s economy is expected to grow at about 7 percent this year and gradually moderate thereafter, as its economy continues to shift toward a model more dominated by domestic consumption and services, which implies a gradual reduction of growth.

View the report on Open Development Datahub

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