International Commentary/East Asia Economies Are On The Rise

摘要

East Asia's economies are growing at their swiftest pace since before the financial crisis with fewer people than ever living in extreme poverty, according to the latest "East Asia and Pacific Regional Update", the World Bank's twice-yearly look at the region's economies. Economic growth is expected to top 7 percent for East Asia and Pacific (excluding Japan), while developing economies in the region are expected to expand by more than 8 percent. High growth is being experienced by middle income and poor economies alike. Exports should turn, in their strongest performance since 1988, supported by demand from China, the global recovery, a rebound in the global high-tech industiy, strong commodity prices. Investment has also recovered, contributing half of aggregate demand growth. This strong performance has lifted 40 million East Asians out of poverty, mostly in China, Indonesia, Thailand and Vietnam.