CHINA TOPIX

World Bank Predicts Lower Growth Rate for East Asia in 2015

Kwao Peppeh   |

Oct 05, 2015 07:16 AM EDT

China's economic slowdown and an impending rise in U.S. interest rates will lead to lower growth in East Asia this year, according to a recent World Bank report. The East Asia Pacific Update, which was published on Monday, predicts that the region's economy will increase by 6.5 percent in 2015 - down a few points from 6.8 percent in 2014.