Growth in EAP to slow down to 4% in 2025 from 5% in 2024: World Bank
The World Bank projects growth in the East Asia and Pacific (EAP) region to slow down to 4 per cent in 2025 over 5 per cent in 2024. Poverty rates in the region will continue to drop. To sustain growth momentum and generate jobs, EAP countries must navigate global uncertainty and tackle long-term challenges tied to shifting global integration, climate change, and demographic trends, the bank said.
The World Bank projects growth in the East Asia and Pacific (EAP) region to slow down to 4 per cent in 2025 over 5 per cent in 2024.
Poverty rates in the region will continue to drop.
To sustain growth momentum and generate jobs, EAP countries must navigate global uncertainty and tackle long-term challenges tied to shifting global integration, climate change, and demographic trends, the bank said.
