World Bank raises East Asia’s 2018 GDP outlook, but is wary of trade war

JAKARTA: The World Bank has raised its growth forecast for East Asia and the Pacific for 2018, but warned that a possible US-China trade war could harm growth in countries that are part of the Chinese goods supply chain.

The Washington-based lender said in a report it expected 2018 growth in the developing East Asia and Pacific (EAP) region, which includes China, to expand 6.3%, a notch up from 6.2% forecast in October.