East Asia continues to be engine of global growth: World Bank
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East Asia Pacific is expected to show growth of 7.8 per cent in 2013 and 7.6 per cent in 2014, to continue its role as an engine of global growth, according to World Bank.
The region chalked up growth of 7.5 per cent in 2012.
In its latest analysis of the regional economy released on Monday in Singapore, World Bank said that fiscal and monetary policies to boost consumption and investment helped sustain growth in 2012 across the region, with middle-income countries performing particularly well. Developing economies excluding China grew 6.2 percent in 2012, up from 4.5 percent in 2011.
