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World Bank: China's Growth to Ease to 6.7 % in 2016

Apr 11 , 2016

The World Bank says China's slowing economy will remain the main driver of growth in Asia this year, helped by sustained expansions in many developing economies.

The U.S.-led development bank forecast Monday that developing East Asia will grow at a still robust pace of 6.3 percent this year, down from 6.5 percent in 2015. It said the Philippines and Vietnam will lead growth, with economies expanding by more than 6 percent.

Indonesia, the biggest economy in Southeast Asia, is forecast to grow by 5.1 percent in 2016 and 5.3 percent in 2017.


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