World Bank cuts China, East Asia growth forecasts
Singapore (AFP) Oct 06, 2014 - The World Bank on Monday trimmed its growth forecasts for developing East Asian economies this year and next, as China's economic expansion loses momentum and policymakers face tighter global monetary conditions. Developing countries in East Asia and the Pacific are likely to see a growth of 6.9 percent this year and in 2015, slower than the 7.1 percent the bank had forecast in April, it sai ... more
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