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World Bank raises East Asia's 2018 GDP outlook, but wary of trade war

Reuters  |  JAKARTA 

By Gayatri SuroyoJAKARTA (Reuters) - The World Bank raised its growth forecast for East Asia and the Pacific for 2018, but warned that a possible U.S.-China trade war could harm growth in countries that are part of the Chinese goods supply chain.The Washington-based lender said in a report on Thursday it expected 2018 growth in the developing East Asia and Pacific (EAP) region, which includes China, to expand 6.3 percent, a notch up from 6.2 percent forecast in October.The 2018 forecast is slower than last year's 6.6 percent growth, reflecting a slowdown in China as it continues to rebalance ...

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First Published: Thu, April 12 2018. 13:37 IST
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