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- World Bank: developing East Asia will expand 6.7% in 2015 and 2016
World Bank: developing East Asia will expand 6.7% in 2015 and 2016
The World Bank released its forecast for economic growth in developing countries in East Asia and Pacific on Monday. Developing East Asia will expand 6.7% in 2015 and 2016, down from 6.9% in 2014.
China is expected to grow 7.1% in 2015 and 7.0% in 2016.
The World Bank East Asia and Pacific Regional Vice President, Axel van Trotsenburg, said that "the region will still account for one-third of global growth, twice the combined contribution of all other developing regions".
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