Arab Today, arab today world bank cuts east asia pacific\s gdp forecast to 76
Last Updated : GMT 02:56:08
Arab Today, arab today
Arab Today, arab today

World Bank cuts east Asia, pacific\'s GDP forecast to 7.6%

Arab Today, arab today

Arab Today, arab today World Bank cuts east Asia, pacific\'s GDP forecast to 7.6%

Bangkok - QNA

World Bank (WB) on Wednesday forecasted the gross domestic product (GDP) growth rate in East Asia and Pacific of about 7.6 percent this year, lower than November\'s estimates of 7.8 percent, according to its latest review of the region\'s economy. The growth rate in 2011 is about 8.2 percent, a sharp decline from the nearly 10 percent in 2010. Although the countries in this region performed better than the developing country average world- wide, the global slowdown will still hit their external trade. \" The region needs to reduce its reliance on exports and find new sources of growth,\" says the WB. The WB attributes the slowdown in 2011 to \"lower-than-expected growth in manufacturing exports and supply disruptions in the wake of the Japan earthquake and tsunami and the severe flooding in Thailand.\" Earlier statistics on Monday showed that Thailand\'s economy expanded in the first quarter with GDP growth of 0.3 percent, reversing the contraction of 8.9 percent in the previous quarter, which will help hedge the \"faster than anticipated slowdown in China\" during this year, said the WB report. The WB also released their predict for China\'s economy performance in 2012, a growth of 8.2 percent, 2 percentage lower than that released half a year ago. Domestic demand will contribute most to growth in 2012, while consumption growth slows slightly and investment growth sharply slows down, mainly because of the ongoing housing regulations. Still, China\'s external trade will also be deeply affected by the uncertainty of sovereign debt in euro zone and economy slowdown of the US.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today world bank cuts east asia pacific\s gdp forecast to 76 Arab Today, arab today world bank cuts east asia pacific\s gdp forecast to 76

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Actress Mervat Amin reveals her role in new series
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday