East Asia and Pacific remains the world’s growth engine despite a challenging external environment, with developing economies growing by 7.2% in 2013. The proportion of people living in poverty in the region has steadily declined—less than 10% of the population lives on $1.25 a day—but much more needs to be done as there are still close to half a billion people living on $2 a day.
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October 29, 2014 — Budding local entrepreneurs in East Asia and the Pacific continue to see improvements in the business environment while Singapore continues to provide the world’s most business-friendly regulatory environment.Read More »
October 29, 2014 — China’s growth continued to moderate. For 2015-16, China’s average growth is expected to ease to slightly above 7%, reflecting renewed policy efforts to rebalance the economy.Read More »