: World Bank lowers outlook for China, broader East Asia based on Russia’s energy impact, rising U.S. rates


The World Bank cut its growth forecast for East Asia and the Pacific for 2022 — which includes growth engine China — to reflect the economic pinch of Russia’s invasion of Ukraine.

The Washington-based lender said in a report early Tuesday Asian time that it expected 2022 growth in the region to expand 5.0% percent, lower than its 5.4% forecast issued in October.


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