East Asia and Pacific region will experience slow growth because of economic degeneration in China, as the country endeavors to attain steady growth pace.
A World Bank report projects growth in countries within the East Asia, which excludes China, may grow at a 4.8% pace in 2016 and 4.9% in 2017 and 2018.
Excluding Australia, India, and Japan, the institution also said East Asia and Pacific region’s expansion may alleviate to 6.3% this year and 6.2% next year.
The report added Southeast Asian nations will headline the growth, although the view for various nations differ based on its dependence on commodity exports, and also trade and financial relations with China and advanced economies.
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