Sunday 02 April 2023 - 10:33:04 am
2023 Apr 01 Sat, 04:46:00 pm

East Asia and Pacific regional growth to accelerate to 5.1% in 2023 as China rebounds

WASHINGTON, 1st April, 2023 (WAM) -– Growth in developing East Asia and the Pacific is forecast to accelerate in 2023 as China’s economy reopens, while the pace of growth in most of the economies in the rest of the region is anticipated to ease after a strong rebound last year, a World Bank report said. Economic performance across the region, while robust, could be held back this year by slowing global growth, elevated commodity prices, and tightening financial conditions in response to persistent inflation, according...