East Asia
World Bank slashes East Asia-Pacific growth forecast
The World Bank on Monday slashed its 2012 growth forecast for developing countries in East Asia and the Pacific to 7.2 per cent, down from 8.3 per cent in 2011, due to the fragile global economy.
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East Asia to post lower growth of 7.6% in 2012: World Bank
Growth in developing East Asia and Pacific is slowing and the region is expected to post 7.6 per cent expansion in 2012 compared to 8.2 per cent in 2011, a World Bank report said on Wednesday.
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