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Washington Notebook: Asia-Pacific slow growth expected, World Bank says

Regulatory/Trade

Tuesday, October 09, 2012

The World Bank on Monday downgraded its economic projections for the Asia-Pacific region this year, saying the region would experience 7.2 percent growth compared to 8.2 percent in 2011. Both figures are a sharp decline from the region's 10 percent growth rate in 2010. In May, the World Bank predicted the Asia-Pacific region would grow 7.6 percent in 2012. Growth will rebound to 7.6 percent next year, with growth mainly produced by domestic demand in...

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