Economies of developing East Asia to be engine of global growth:
World Bank in its latest analysis of the regional economy has said that economies of developing East Asia and Pacific continue to be an engine of global growth, growing at 7.5 percent in 2012, higher than any other region in the world.
East Asian and Pacific economies are projected to grow 7.6 per cent this year, compared with 8.2 per cent in 2011, as China's expansion slows, the World Bank said Wednesday.