The World Bank cut its 2015 and 2016 growth forecasts for developing East Asia and Pacific, and said the outlook was clouded by the risk of a sharp slowdown in China and possible spillovers from expected increases in US interest rates.
Bahrain’s HRH Prime Minister Prince Khalifa bin Salman Al Khalifa is set to play a major role in spurring trade relations with Asia at the 21st World Economic Forum on East Asia (WEF) which opens in Bangkok today (May 30).
The forum, which
The World Bank warned that rising capital flows to East Asia are fanning fears of asset bubbles and authorities need to be careful not to repeat the mistakes of the Asian financial crisis more than a decade ago.
Asian currencies are apprec