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East Asia and Pacific Growth Remains Resilient

Despite a less favorable external environment, the growth outlook for developing East Asia and Pacific (EAP) remains positive, according to the latest World Bank economic report on the region. Growth in developing EAP is expected to be 6.3 percent in 2018, lower than in 2017 due to the continued moderation in China’s growth as its economy continues to rebalance. Navigating Uncertainty, the October 2018 edition of the World Bank East Asia and Pacific Economic Update, underscores however that in recent months a combination of trade tensions, higher US interest rates, a stronger US dollar, and financial market volatility in many emerging economies has increased the uncertainty around the region’s growth outlook. At the same time, inflation has begun to rise across the region, particularly in Myanmar, the Philippines, and Vietnam. “Robust growth has been and will continue to be the key to reducing poverty and vulnerability in the region,”  said Victoria...

 

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