The World Bank on Tuesday upgraded China's growth outlook for both 2025 and 2026 despite higher trade tariffs, and the lender raised India's projection for the current year on stronger-than-expected public investment but trimmed its forecast for the next fiscal year on higher tariffs.
In its latest economic update for the East Asia and Pacific group of countries, the Washington-based World Bank said the region, led by China, continued to outperform most other parts of the world.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.