World Bank cuts Asia growth outlook, calls for virus action

Associated Press, 28 September 2021

The World Bank cut its economic growth forecast for developing countries in East Asia due to the impact of the coronavirus Delta variant, and called on governments to help poor and small businesses avoid long-term damage. Excluding China’s unexpectedly strong growth, developing countries in East Asia should grow by 2.5 per cent this year, down from a forecast of...

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