Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Science
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Find Cricket Statistics
Hindi
More
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Science
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / World News / World Bank cuts East Asia and Pacific growth
  • World

    World Bank cuts East Asia and Pacific growth

    Achin Garg
    Written by
    Achin Garg
    Mail
    Last updated on Apr 11, 2016, 05:13 pm
    World Bank cuts East Asia and Pacific growth
    Credits:
  • The World Bank in its latest forecast has trimmed the growth of the East Asia and Pacific region to 6.3% in 2016 and 6.2% in 2017.

    The bank had in October 2015 forecasted growth rates as 6.4% in 2016 and 6.3% in 2017.

    The decline in the growth rate mainly comes due to moderation in the growth rate in China.

  • In this article
    The World Bank: A profile World Bank releases growth forecasts World Bank cuts East Asia and Pacific growth Commodity prices and market volatility affecting growth The moderation in Chinese growth Forecast solid for most South East Asian economies
  • About

    The World Bank: A profile

    The World Bank: A profile
    Credits:
  • The World Bank is a Washington-based international financial institution that was formed in 1944 as a result of the Bretton Woods Conference.

    Initially formed to help reconstruct the WW2 nations, the World Bank has evolved itself into a developmental institution which aims to eradicate extreme poverty and promote economic growth.

    It provides loans and expertise to developing nations to enhance their national income.

  • Information

    World Bank releases growth forecasts

  • The World Bank periodically releases the forecast for the global economy. This helps investors and governments to taken preemptive actions agains any forseeable financial situations.

  • 11 Apr 2016

    World Bank cuts East Asia and Pacific growth

    World Bank cuts East Asia and Pacific growth
    Credits:
  • The World Bank in its latest forecast has trimmed the growth of the East Asia and Pacific region to 6.3% in 2016 and 6.2% in 2017.

    The bank had in October 2015 forecasted growth rates as 6.4% in 2016 and 6.3% in 2017.

    The decline in the growth rate mainly comes due to moderation in the growth rate in China.

  • Reasons

    Commodity prices and market volatility affecting growth

    Commodity prices and market volatility affecting growth
    Credits:
  • The World Bank highlighted various reasons for the decline in the growth rate projections.

    The most prominent among those was the faster than expected slowdown in Chinese economy which is adjusting to a new normal of consumption-led growth from export-led growth.

    An increase in financial market volatility and fall in commodity prices are the other reasons for the revision in growth forecast.

  • Personal

    The moderation in Chinese growth

  • According to estimates by the World Bank, the GDP growth rate of the Chinese economy is likely to slow down from 6.9% in 2015 to 6.7% in 2016 and 6.5% in 2017.

  • 11 Apr 2016

    Forecast solid for most South East Asian economies

    Forecast solid for most South East Asian economies
    Credits:
  • The growth rate in the South East Asia's largest economy Indonesia will accelerate, subject to reforms, from 4.8% in 2015 to 5.1% in 2016 and 5.3% in 2017.

    While Malaysia will grow by 4.5% in 2016 and 5% in 2017 from 4.4% in 2015, Philippines will propel to 6.4% in 2016 from 5.8% in 2015.

    However, Thailand will continue with sub 3% growth rate.

Latest News
  • India vs England, 4th Test: England elect to bat
    India vs England, 4th Test: England elect to bat
    Sports
  • Coronavirus: India's tally reaches 11.15 million with 17K+ new cases
    Coronavirus: India's tally reaches 11.15 million with 17K+ new cases
    India
  • NewsBytes Briefing: Twitter brings Clubhouse to the masses, and more
    NewsBytes Briefing: Twitter brings Clubhouse to the masses, and more
    Science
  • What causes sleep apnea? Its symptoms and long term effects
    What causes sleep apnea? Its symptoms and long term effects
    Lifestyle
  • Realme 8's key specifications revealed in an official teaser
    Realme 8's key specifications revealed in an official teaser
    Science
Related Timelines
  • WHO, vaccine-makers discuss fast-tracking COVID-19 vaccine rollout in South-East Asia
    WHO, vaccine-makers discuss fast-tracking COVID-19 vaccine rollout in South-East Asia
    World
  • India to witness severe economic slump, says World Bank
    India to witness severe economic slump, says World Bank
    Business
Trending Topics
Coronavirus
Next News Article
Share
Cancel

Want to share it with your friends too?

Facebook Whatsapp Twitter Linkedin
Copied

Love World news?

Subscribe to stay updated.

World Thumbnail
India News Business News World News Politics News Sports News Science News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Bharti Airtel Mukesh Ambani Twitter Indian Premier League Samsung Virat Kohli
Rohit Sharma Cricket News YouTube Hollywood News WhatsApp Bollywood News ISRO Rahul Gandhi Yoga Honda
Batman Football News BMW Vaccine Reliance Jio OPPO Amazon Food News, Healthy Recipes Royal Challengers Bangalore Toyota
Fashion Tips Mercedes Isha Ambani India Vs England Cricket OnePlus Mobiles Android TV Smart TV Marvel Comics Avengers Neha Kakkar
Big Bang Theory X-Men TATA Royal Enfield
About Us Privacy Policy Terms & Conditions Contact Us News Reviews News Archive Topics Archive Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2021