Tuesday, October 14, 2014

World Bank trims China, East Asia 2014-2016 growth forecasts

(Reuters) - The World Bank cut its 2014-2016 growth forecasts for developing East Asia, noting that China was likely to slow due to policies aimed at putting the economy on a more sustainable footing, and it also cautioned of capital-flight risks to Indonesia.
The Washington-based lender expects the developing East Asia and Pacific (EAP) region to grow 6.9 percent in 2014 and 2015, down from the 7.1 percent rate it had previously forecast for both years. Growth in 2013 had been 7.2 percent.

The bank also trimmed its 2016 growth forecast for the region to 6.8 percent from 7.1 percent.

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