World Bank

49 posts
The World Bank's mission is to end extreme poverty and promote shared prosperity
streetbangkok bw

Growth in developing East Asia to accelerate to 5.1% says World Bank

Growth in developing East Asia and the Pacific is forecast to accelerate in 2023 as China’s economy reopens, while the pace of growth in most of the economies in the rest of the region is anticipated to ease after a strong rebound last year, a World Bank report said on Thursday.
streetvendor poor

Developing Countries to Be Hard Hit by Long-Term Slowdown

Excluding China, growth in emerging market and developing economies is expected to decelerate from 3.8% in 2022 to 2.7% in 2023
3f79a7a3 thailand hosts apec senior officials on chao phraya river evening

Thailand’s Economy Remains Resilient says World Bank

Tourism arrivals reached 45 percent of the pre-pandemic level in September, surpassing those in Indonesia and the Philippines.
Southeast Asian countries are realising the importance of high-skilled immigration

East Asia and Pacific Growth Buoyed by Recovery in Domestic Demand

Growth in developing East Asia and the Pacific outside of China is forecast to accelerate to 5.3% in 2022 from 2.6% in 2021, according to the World Bank’s East Asia and Pacific October 2022 Economic Update.
china rice paddies

Greening the rice we eat

Rice is responsible for 10% of global methane emissions, and in Southeast Asia, one the world’s major rice bowls, rice cultivation accounts for as much as 25-33% of the region’s methane emissions.  
Fintech rep

COVID-19 Drives Global Surge in use of Digital Payments

Three quarters of adults now have a bank or mobile money account; gender gap in account ownership narrows
589366da putin asean

Russian Invasion to Shrink Ukraine Economy by 45 Percent

The war is also hitting hard the emerging and developing economies of Europe and Central Asia, a region that was already heading for an economic slowdown this year from the ongoing effects of the pandemic
virus red arrow

Developing Economies risk “Hard Landing” in 2023 says World Bank

Growth in EAP is projected to decelerate to 5.1 percent in 2022, reflecting a slowdown in China. Thailand’s economy is expected to recover gradually over the next two years, with growth picking up in 2022 and strengthening to 4.3 percent in 2023.