Monday, 7 April 2014

Developing economies in East Asia to maintain fast growth

For all the market turmoil earlier this year caused by concerns over emerging economies, the World Bank at least thinks that developing countries, at least in East Asia, will maintain good growth in 2014. From AFP/CNA:

The World Bank said on Monday developing countries in East Asia will grow 7.1 per cent in 2014 as they benefit from a stabilising global economy and withstand the impact of US stimulus cuts.

The estimate for gross domestic product (GDP) expansion remains unchanged from last year, making East Asia the world's fastest-growing region, the bank said in its East Asia and Pacific Economic Update report.

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