World Bank projects developing East Asia Pacific to grow 5 pct in 2022 ...Middle East

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World Bank projects developing East Asia Pacific to grow 5 pct in 2022
source : Daily Sun ( Middle East ) () 19
WASHINGTON: The developing East Asia and Pacific countries is projected to grow by 5 per cent in 2022 amid the resurgence of Covid-19 pandemic, tighter financial conditions and the Russia-Ukraine war, reported Xinhua, quoting the World Bank on Monday.“Shocks emanating from the war in Ukraine and the sanctions on Russia are disrupting the supply of commodities, increasing financial stress, and dampening global growth,“ said the World Bank’s newly released East Asia and Pacific Economic Update.“Just as the economies of East Asia and the Pacific were recovering from the pandemic-induced shock, the war in Ukraine is weighing on growth momentum,“ said World Bank Vice President for East Asia and P

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