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World Bank cuts Asia growth forecast

Posted on 08 October 2012

The World Bank cut its growth forecast for Asia on Monday in a new sign of the impact of weakening global demand and warned China’s cooling economy faces the risk of a “more pronounced slowdown.”
The bank cut this year’s growth outlook for developing Asia-Pacific economies to 7.2%, down from its May forecast of 7.6%. The bank cut its forecast for China, the region’s biggest economy, to 7.7% from May’s 8.2%………………………………………..Full Article: Source


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