scorecardresearch
Follow Us:
Tuesday, October 20, 2020

World Bank cuts East Asia growth estimates

The World Bank on Monday scaled back slightly its 2013 growth forecasts for emerging East Asia and warned about possible over-heating in the region’s larger economies

Written by Reuters | Singapore | April 16, 2013 1:56:22 am

The World Bank on Monday scaled back slightly its 2013 growth forecasts for emerging East Asia and warned about possible over-heating in the region’s larger economies.

It said the Bank of Japan’s efforts to stimulate its economy through monetary easing is likely to be “mostly good” for developing Asian economies such as Thailand and the Philippines,which produce components for Japanese exporters.

The Bank of Japan on April 4 stunned markets by unveiling a monetary expansion campaign with plans to inject about $1.4 trillion into the economy over two years to break a deflationary cycle.

📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines

For all the latest News Archive News, download Indian Express App.

Advertisement
Advertisement
Advertisement
Advertisement