Current Affairs - Banking - Discussion

The World Bank released its East Asia and Pacific economy update October 2018 edition. According to the report, developing countries of the East Asia and Pacific region will grow at 6.3 per cent in 2018 mainly due to China's moderate growth. In 2017, the growth of the region was at 6.6 percent. China's growth will slow moderately to 6.5 per cent. Remaining East Asia and Pacific region will maintain a stable growth of 5.3 per cent between 2018-2020 mainly due to a domestic demand. Inflation is expected to rise during 2018-20.