WORLD BANK TRIMS EAST ASIA, PACIFIC 2021 GDP FORECAST EXCLUDING CHINA

WORLD BANK TRIMS EAST ASIA, PACIFIC 2021 GDP FORECAST EXCLUDING CHINA

Early Thursday, Reuters conveyed World Bank economic forecasts, suggesting a downbeat scenario for the Asia-Pacific region ex-China.

"The East Asia and Pacific region, excluding China, is expected to grow 4% this year, World Bank Chief David Malpass said," per the news. The previous GDP forecast for the region was 4.4%, published in March.

World Bank's Malpass also said, "Including China, the World Bank expects the region to grow 7.7% this year, above a 7.4% projection made in March."

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