WASHINGTON, April 24 (Xinhua) -- The World Bank Group on Thursday projected that growth in East Asia and Pacific (EAP) will slow down to 4.0 percent in 2025, compared to 5.0 percent in 2024, according to its newly released 2025 Regional Economic Update.
Growing global uncertainty is having an impact on business and consumer confidence, inhibiting investment and consumption, the update showed. Trade restrictions are expected to impact EAP's exports while slower global growth is likely to further reduce external demand.
