World Bank expects developing economies in East Asia and Pacific to grow 5% this year – Xinhua English.news.cn

Securities Times e company news, the World Bank on the 4th in the latest report on the economic situation in East Asia and the Pacific region predicted that the region’s developing economies will grow by 5% this year, down 0.4 percentage points from the forecast in October last year. The report urges economies to improve the efficiency of fiscal policy and strengthen macroprudential policies to mitigate risks from global financial tightening. The report also calls on policymakers to advance trade policy reforms, especially to promote trade in services, and to encourage technology diffusion. (Xinhua News Agency)