08 October 2012 06:22 [Source: ICIS news]
SINGAPORE (ICIS)--Economic growth in east Asia and the Pacific region is expected to decelerate to 7.2% this year amid a fragile external environment, with risks of a more pronounced slowdown in ?xml:namespace>
The growth projection represents a full percentage-point fall from the actual economic expansion in the region in 2011, the multilateral institution said in its
A slight recovery is expected in 2013, with the region’s GDP growth seen at 7.6%, it said.
“Weaker demand for
Exports growth for
With the exception of
Meanwhile, weak exports and lower investment growth will slow down
“Investment growth [in
“However, relaxation in monetary policy earlier this year and local and central government stimulus measures could again reverse this trend in months to come,” it said.
China’s overall domestic demand growth fell in the first half of this year, contributing 8.4% to growth through the second quarter, compared to 9.7% a year earlier, it said.
The slowdown in demand was reflected in industrial production growth, which dipped below 9% year on year in August, down from 13.5% in the same period last year, it added.
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