By Martin Gøttske
The World Bank’s latest East Asia & Pacific Economic Update report offers an upbeat assessment. The World Bank expects the region to grow 6.4 % in 2017 and 6.2 % in 2018. Its previous forecasts were for 6.2 % growth this year and 6.1 % in 2018.
However, the report but also warns of risks ahead from rising trade protectionism and economic nationalism as well as geopolitical tensions, especially those related to the dispute over North Korea’s nuclear programme, which has the potential to disrupt global trade flows and economic activity.