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New Bank report confirms East Asia remains robust amid global slowdown

Claudia Gabarain's picture

In 2008, growth in China, the rest of East Asia and the Pacific, and other developing regions together will fall from 7.8 percent to a still-strong 6.5 percent while their high-income trading partners like the United States slow to between 1 and 2 percent and import less. This is the forecast of the Bank's Global Development Finance 2008, the annual review of global financial conditions facing developing countries.

The report highlights that it was domestic demand and non-US exports which drove growth in the Region in 2007, and alerts that steep declines in East Asian securities markets could pose risks. Take a look at the full outlook on the EAP Region and to the interactive data site, which is now also available in Chinese.