World Bank cuts Asia growth outlook t...

World Bank cuts Asia growth outlook this year, warns China faces risk of 'pronounced slowdown'

There are 1 comment on the Daily Reporter story from Oct 7, 2012, titled World Bank cuts Asia growth outlook this year, warns China faces risk of 'pronounced slowdown'. In it, Daily Reporter reports that:

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 percent, down from its May forecast of 7.6 percent.

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sai34

Los Angeles, CA

#2 Oct 8, 2012
"China's slowdown this year has been significant, and some fear it could still accelerate," the World Bank said.

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