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Demographic Transitions and Economic Miracles in Emerging Asia

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Global economy to grow 3.1% in 2018: World Bank

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Partial support was provided from World Bank research funds. The authors are grateful to members of the workshop on European Trade Policy, particularly Wendy Takacs, for helpful comments on an earlier version.

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Demographic Transitions and Economic Miracles in Emerging Asia

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This will further climb up to 7. The World Bank reasons that this is a result of increased consumption and investment. Besides, it says that the economy is regaining after a temporary slowdown due to demonetisation and the implementation of GST.

Economic Growth Resources - References

In , China's GDP is expected to grow at 6. In , China grew at 6. However, rising interest rates and currency volatility are weighing on activity," the World Bank said in its latest report. This was because the economic activity continued to recover with strong domestic demand.

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Slowing external demand, rising borrowing costs, and persistent policy uncertainties are expected to weigh on the outlook for emerging market and developing economies. Growth for this group is anticipated to hold steady at a weaker-than-expected 4. Bangladesh is expected to register a growth of 7 per cent in Sri Lanka is anticipated to speed up slightly to 4 percent in , and Nepal's growth is expected to slow to 5.

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The challenging political environment could adversely affect the ongoing reform agenda and economic activity in some countries," the report says. It said that the South Asian region is more vulnerable due to persistent current account deficits and high levels of external debt.