World Bank lowers East Asia GDP forecasts for 2013-14

The World Bank lowered its forecasts for East Asia's developing nations this year and next, saying the region must boost efforts to ensure financial stability ahead of interest-rate increases in advanced economies.迷利倉 Developing East Asia will probably expand 7.1 percent in 2013 and 7.2 percent in 2014, the Washington-based lender said in a report on Monday, down from April predictions of 7.8 percent and 7.6 percent respectively. China自存倉may grow 7.5 percent in 2013, lower than an April forecast of 8.3 percent, it said. "The risks to the global recovery from the uncertainty surrounding the fiscal deadlock in the United States, the impact of the withdrawal of monetary stimulus from the advanced economies, an abrupt slowdown of investment in China and unrest in the Middle-East remain prominent," the World Bank said in its East Asia and Pacific Economic Update on Monday.mini storage