, World Bank Cuts East Asia-Pacific Growth Forecast amid China’s Slowdown
The World Bank cut its economic growth forecast for the East Asia and Pacific region, saying there was a greater risk of deepening slowdown in China and weakening global demand. According to a statement, the slowdown in China might get worse and it could last longer than initially expected. However policy makers in Asia’s emerging countries have room to ease both monetary and fiscal policies, according to the World Bank.
