The World Bank downgraded its growth projections for the East Asia and the Pacific region as the zero-COVID approach dampened China's economic growth, while most of the other countries of the region rebounded in the first half of 2022.
The Washington-based lender forecast East Asia and Pacific to expand 3.2 percent this year instead of 5.0 percent projected in April. The growth rate is expected to improve to 4.6 percent in 2023.
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by Renju Jaya
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