World Bank Lifts Developing East Asia Growth Forecast
12 Avril 2018 - 6:51AM
RTTF2
Developing East Asia and Pacific is expected to grow more than
previously projected this year on continued broad-based global
recovery and strong domestic demand.
According to the latest regional economic forecast, developing
east Asia and Pacific is forecast to expand 6.3 percent in 2018,
instead of 6.2 percent projected last October.
Nonetheless, this is slower than the 6.6 percent estimated for
2017. The outlook for 2019 was retained at 6.1 percent.
Excluding China, growth in developing East Asia and Pacific is
expected to remain stable at 5.4 percent in 2018, before slowing
slightly to 5.3 percent in 2019.
China's expansion is expected to slow moderately this year as
its economy continues to re-balance. The economy is projected to
grow 6.5 percent this year and 6.3 percent next year.
The agency cautioned developing East Asia and Pacific countries
to be prepared to address the risks associated with monetary
tightening in advanced economies.
Despite a positive growth outlook for the region, policymakers
are also advised to address the short-term risks associated with
possible escalation of trade tensions.
Further, the lender advised countries to consider tightening
monetary policies, further strengthening macroprudential
regulation, and building fiscal buffers.
In order to reverse moderating growth prospects over the
medium-term, countries will need to find ways to raise long-term
potential growth, including improving public spending and deepening
trade integration among other things.
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