Global Economic Prospects

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East Asia and Pacific

In the East Asia and Pacific region, growth is expected to ease to 6.7 percent in 2015 and remain stable over the next two years, according to the June 2015 issue of Global Economics Prospects. This reflects a continued slowdown in China that is offset by a modest pickup in the rest of the region. A net oil importer, the region is expected to benefit from lower fuel prices, although commodity exporters Indonesia and Malaysia face pressures from lower global prices of oil, gas, coal, palm oil, and rubber. Growth in China is on course to ease to 7.1 percent this year. Regional growth (excluding China) is projected to be 4.9 percent this year, rising to 5.4 percent by 2016 due to strengthening external demand -- notwithstanding slower growth in China, less policy uncertainty in Thailand, and easing domestic pressures elsewhere.  

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