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12 Apr 2018
World Bank raises China 2018 growth forecast to 6.5%
The World Bank publishes its updated growth forecasts for East Asia and Pacific on Thursday, upping the 2018 growth forecast for the developing region.
Key Highlights:
Raises China 2018 growth forecast to 6.5% from 6.4%.
Raises 2018 growth forecast for developing East Asia and Pacific to 6.3% from 6.2%.
Region's economies may need to adopt tighter monetary policy & larger fiscal buffers.
This is to guard against short-term risks.