World Bank raises 2016 East Asia growth view, sees limited Brexit impact
The World Bank slightly raised its 2016 economic growth forecast for developing East Asia and the Pacific on Wednesday, saying that Brexit is unlikely to have any significant near-term impact on growth in the region.
The Washington-based lender now expects the developing East Asia and Pacific (EAP) region, which includes China, to grow 6.4 percent in 2016 and 6.2 percent in 2017.
Its previous forecast in April was for 6.3 percent growth in 2016 and 6.2 percent in 2017.
"Growth in the region is expected to remain broadly resilient during 2016-2018," the World Bank said in its... read more
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