World Bank Cuts China Growth Forecast as COVID-19, Real-estate Crunch Take Toll (WSJ via Fox Business)

• The World Bank said in its latest assessment of the developing economies of East Asia and the Pacific that it expects China to expand 2.8% in 2022.
• The region excluding China is expected to grow 5.3%, up sharply from the 2.6% recorded in 2021. Vietnam is forecast to expand 7.2%; the Philippines, 6.5%; Malaysia, 6.4%; and Indonesia, 5.1%.
• Most countries have relatively low debts and manageable financing needs. READ MORE

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