World Bank forecasts further slowdown in China’s growth despite stimulus; East Asia & Pacific to bear brunt

The World Bank has predicted that China’s economic growth will slow further in 2025 despite recent stimulus efforts. This could put additional pressure on regional economies in East Asia and the Pacific, according to a report by Bloomberg.

In its latest economic outlook, the World Bank forecast China’s growth to drop to 4.3 per cent in 2025, down from an expected 4.8 per cent in 2024. As a result, growth across East Asia and the Pacific, including countries like Indonesia, Australia, and South Korea, is also expected to slow, falling to…