- East Asia Pacific Economic Update, April 2017: Sustaining Resilience
The outlook for developing East Asia is expected to remain broadly positive in the next three years, with growth driven by robust domestic demand and a gradual recovery in the global economy and commodity prices. China’s economy will grow 6.5 percent in 2017 and 6.3 percent in 2018, compared with 6.7 percent in 2016, as the government rebalances toward consumption and services. In the rest of the region, including the large economies in Southeast Asia, growth is expected to pick up slightly to 5 percent in 2017 and 5.1 percent in 2018, up from 4.9 percent in 2016. As a whole, the economies of developing East Asia and Pacific are projected to expand at 6.2 percent in 2017 and 6.1 percent in 2018.