Overview

• Developing East Asia and the Pacific region is growing faster than the rest of the world but faces a slowdown compared to pre-pandemic levels.
• China's economic growth is projected to moderate due to high debt, a weak real estate sector, and geopolitical trade tensions.
• Countries in the region, excluding China, are expected to see a slight increase in growth, driven by external demand for exports.
• Global trade barriers, policy uncertainties, and higher interest rates in major economies are identified as key risks to the region's growth.
• The World Bank emphasizes the need for bold policy actions to improve infrastructure, education, and competition to boost the economy.