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World Bank expects 6.4% growth of Asian economies www3.nhk.or.jp
The World Bank predicts that emerging economies in the Asia-Pacific region would grow 6.4 percent this year. The figure is 0.1 percentage points lower than last year's due to the slowing Chinese economy.
The World Bank announced its predictions of 14 countries in the region, excluding Japan. China and Southeast Asian nations are among the countries.
The 6.4 percent growth prediction was raised by 0.1 percentage points from the figure in April.
It says the moderate slowdown in China's economy is expected to continue this year. The bank also says the growth rate of the Malaysian economy would fall due to lower prices of raw materials.
It says the Philippine and Indonesian economies would continue to grow steadily thanks to brisk domestic demand. The 2 countries' governments have actively invested in public works.
The bank warns that the economic slowdown in industrialized nations and slump in world trade are likely to hamper the growth in emerging economies.
It also calls on countries to strengthen fiscal discipline.
Published Date:2016-10-06
