World Bank raises 2017, 2018 East Asia growth forecasts, sees geopolitical risks

SINGAPORE (Oct 4): The World Bank raised its economic growth forecasts for developing East Asia and Pacific for this year and 2018, but added the generally positive outlook was clouded by risks such as rising trade protectionism and geopolitical tensions.

The Washington-based lender now expects the developing East Asia and Pacific (EAP) region, which includes China, to grow 6.4% in 2017 and 6.2% in 2018.

Its previous forecast in April was for 6.2% growth in 2017 and 6.1% growth in 2018.

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