The World Bank cut its 2014-2016 growth forecasts for developing East Asia and China, and cautioned of capital-flight risks to Indonesia while growth in China is seen slowing due to policy measures aimed at putting the economy on a more sustainable footing. The Washington-based lender expects the developing East Asia and Pacific (EAP) region to grow 6.9 percent in 2014 and 2015, down from the 7.1 percent rate it had previously forecast for both years. "Regional exports and growth will benefit from a gradual recovery in high-income economies," the World Bank said in its latest East Asia Pacific Economic Update report on Monday. Developing East Asia and Pacific will remain the fastest-growing developing region, it added.
via Business News http://ift.tt/1uP3xCH
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