Amid the increasing protectionism and policy uncertainty, Developing East Asia is expected to log slower growth this year and next but, the pace is likely to be faster than the rest of the world on recovering global trade, the World Bank said in its East Asia and Pacific April 2024 Economic Update on Monday.
The Washington-based lender downgraded East Asia's growth outlook for this year to 4.5 percent from 5.0 percent. Likewise, the projection for next year was trimmed to 4.3 percent from 4.5 percent.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
by Renju Jaya
For comments and feedback: contact editorial@rttnews.com