Growth in developing East Asia and Pacific is expected to remain resilient over the next three years, according to the report. However, the region still faces significant risks to growth, and countries need to take measures to reduce financial and fiscal vulnerabilities. Over the longer term, the report recommends that countries address constraints to sustained and inclusive growth, including by filling infrastructure gaps, reducing malnutrition and promoting financial inclusion.
The report expects China to continue its gradual transition to slower, but more sustainable, growth, from 6.7 percent this year to 6.5 percent in 2017 and 6.3 percent in 2018. In the rest of the region, growth is projected to remain stable at 4.8 percent this year, and rise to 5 percent in 2017 and 5.1 percent in 2018. Overall, developing East Asia is expected to grow at 5.8 percent in 2016 and 5.7 percent in 2017-2018.
Authors: World Bank Group
Keywords: Growth, East Asia and Pacific, Outlook, Risk, Development