World Bank Sees Asian Recovery as Worst Over for China: Economy

The World Bank said growth in East Asia’s emerging nations will accelerate next year as China’s economy recovers, reducing the need for policy makers to cut interest rates.

Developing East Asia will probably expand 7.5 percent in 2012 and 7.9 percent in 2013, the Washington-based lender said in a report today, raising the forecast for this year from an October prediction of 7.2 percent. The region is expected to account for about 40 percent of global growth in 2012, it said.