“SINGAPORE–Asian central banks should closely monitor capital flows, following additional easing measures in major economies, the World Bank said Wednesday, as it tipped the region’s economies to continue growing robustly ahead, albeit at a weaker pace than in recent years.
The World Bank forecast growth in East Asia Pacific to pick up to 6.6% in 2013 and 2014, from 5.8% in 2012. Its projections for 2012 and 2013 were revised down by 0.5 percentage point and 0.4 point, respectively, from its view in May. Developing Asia Pacific was tipped to expand 7.5% in 2012, 7.9% in 2013 and 7.6% in 2014. China is expected to grow 7.9% in 2012, 8.4% in 2013 and 8.0% in 2014…”
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