East Asia economy continues to lead global growth at 7.1 pct in 2013: WB

0 Comment(s)Print E-mail Xinhua, October 7, 2013
Adjust font size:

The World Bank forecast the economies in East Asia would expand at a slower pace this year, but kept leading the global growth at 7.1 percent, according to a report released by the bank here Monday.

The bank said that China's shifting from export-oriented economy to domestic-demand orientation contributed to the slow of the economic expansion.

The economic growths in larger middle income countries, including Indonesia, Malaysia and Thailand were projected to slow due to lower investment, and weakened export values.

Next year, the bank forecast the region's economy to expand by 7.2 percent. The growth target this year and next year was slightly lower than the bank previous projection in April.

"East Asia-Pacific continues to be the engine driving the global economy, contributing 40 percent of the world's GDP growth, more than other region," Axel van Trotsenburg, World Bank East Asia and Pacific Regional vice president said in the statement.

He suggested the developing economies in East Asia make structural and policy reform to sustain growth.

The bank expected China's economy to expand by 7.5 percent this year and 7.7 percent next year, but risks remain related to the structuring of China's economy.

Excluding China, the region was expected to grow at 5.2 percent this year and 5.3 percent next year, contributed by domestic to stock demand. But investment growth was moderate in the larger economies of ASEAN such as Indonesia, Thailand and Malaysia.

The economic growth in smaller economies in the region was more encouraging.

Bert Hofman, World Bank East Asia and Pacific chief economist said that the speculation about the withdrawal of quantitative easing in the U.S. had hit stock market and currencies, exiting foreign capitals from the economies.

"The Federal Reserve's decision to delay tapering stabilized market for now, giving the economies a second opportunity to take measures to lower risk from future volatility," he said on the statement.

The risks of the Fed's decision may also be offset by " Abenomics," Japan new strategy to revive economic growth, which could raise Japanese investment in the region.

Asia-Pacific has the greatest potential as the source of economic growth, Indonesian President Susilo Bambang Yudhoyono said on Sunday.

The growth in the region may contribute on the acceleration of the global economic growth, he said. Endi

Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 免费特级黄毛片在线成人观看| 国产精品亚洲片在线| 久久久久久久97| 樱桃视频影院在线观看| 亚洲熟妇av一区| 男人桶进女人p无遮挡小频| 啊!摁摁~啊!用力~快点视频免费| 韩国中文字幕电影| 国产欧美久久久精品影院| 6080私人午夜性爽快影院| 天堂网www天堂在线资源| 一级做α爱过程免费视频| 无翼乌漫画全彩| 久久免费的精品国产V∧| 欧美三级黄色大片| 亚洲日产韩国一二三四区| 浪潮AV色综合久久天堂| 免费国产成人高清视频网站| 精品视频中文字幕| 国产一级淫片a| 青柠直播在线观看高清播放| 国产无av码在线观看| 69av在线视频| 国产精品国产三级国产普通话a| 91麻豆精品福利在线观看| 在线观看网站禁入口不用下载| jizz中文字幕| 女人扒开双腿让男人捅| √天堂中文官网8在线| 强开小婷嫩苞又嫩又紧视频 | 精品综合久久久久久蜜月| 四虎影视免费在线| 美女露内裤扒开腿让男生桶| 国产亚洲人成无码网在线观看| 韩国一级免费视频| 国产亚洲蜜芽精品久久| 韩国三级hd中文字幕| 国产偷自视频区视频| 青娱乐手机在线| 国产亚洲欧美另类一区二区三区| 野花官网高清在线观看视频5|