East Asia growth is outpacing the rest of the world: World Bank


As inflation continues to impact global economies, Asia-Pacific is the only region that will see real salary growth in 2023, according to ECA International.

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Growth in developing East Asia and Pacific is outpacing the rest of the world, but the region will likely see slower growth in 2024 amid headwinds in China and broader policy uncertainty, according to the World Bank.

“It is a region that is still outperforming the rest of the world, but it is underachieving relative to its own potential,” Aaditya Mattoo, East Asia and Pacific chief economist at the World Bank, told CNBC’s “Street Signs Asia” on Monday.



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