The World Bank says growth in East Asia’s developing economies remains strong, but warns they need to reduce their reliance on exports as the global economic slowdown continues.

The Washington-based lender said in a biannual report Wednesday that it expects growth to slow to 7.6 percent this year in developing East Asia, which excludes Japan. That is down from 8.2 percent in 2011.

​​While it said most East Asian economies were well-positioned to handle further external shocks, …

 

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World Bank: Growth in Developing East Asia Strong, but Slowing

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