BANGKOK -- Trade recovery will allow developing Asia-Pacific countries, excluding China, to grow by 4.6% this year -- faster than the 4.4% they managed in 2023 -- despite China's economy moderating to 4.5% from last year's 5.2%, the World Bank said in an economic report released on Monday.
Economy
World Bank sees 4.6% growth in developing Asia in 2024
Regional economy dragged by China, investment slowdown and trade protections
Tourists at Bangkok's Suvarnabhumi International Airport in 2023. China's economic woes are negatively affecting nearby tourism-reliant economies. (Photo by Ken Kobayashi)
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