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Aaditya Mattoo - 3 CNBC's - 2 Chris Helgren - 2 Joe Biden - 2 Xi Jinping “ - 2 ” - 2 Caroline Freund - 2 Alen Mulabdic - 2
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☆ World Bank economist discusses how China stimulus could affect regional growth
  + stars: | 2024-10-08 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWorld Bank economist discusses how China stimulus could affect regional growthAaditya Mattoo, the World Bank's chief economist for the East Asia and Pacific region, discusses Beijing's latest financial stimulus measures and what it could mean for economic growth in the country and region.
Organizations: World Bank, East Locations: China, East Asia, Pacific
☆ China's growth is set to slow next year despite temporary boost from stimulus, World Bank warns
  + stars: | 2024-10-08 | by ( Dylan Butts | ) www.cnbc.com   time to read: +3 min
However, despite the measures, which have mainly focused on monetary policy, the World Bank's 2025 growth projection was unchanged from earlier projections. The international lender estimated that China's growth rate would drop to 4.3% next year, down from a projected 4.8% in 2024, in an economic update on Tuesday. China's economic growth rate is expected to decline further in 2025 despite a temporary boost from recent stimulus measures, according to the World Bank. The World Bank has long advocated for China to boost its growth through bold policy actions such as unleashing competition, upgrading infrastructure, and reforming education. "For three decades, China's growth has spilled over beneficially to its neighbors, but the size of that impetus is now diminishing," the World Bank said in its Tuesday report.
Persons: Aaditya, Mattoo, James Sullivan, Hui Shan, Goldman Sachs, CNBC's, Goldman Organizations: World Bank, Bank, JPMorgan, National, Reform, East Locations: Aaditya Mattoo, East Asia, Pacific, Beijing, Asia, China, beneficially
☆ The developing East Asia and Pacific region is 'underachieving,' World Bank economist says
  + stars: | 2024-04-01 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe developing East Asia and Pacific region is 'underachieving,' World Bank economist saysAaditya Mattoo, the World Bank's East Asia and Pacific chief economist, says "it is a region that is still outperforming the rest of the world, but it is underachieving relative to its own potential."
Persons: Aaditya Mattoo Organizations: World Bank Locations: East Asia, Pacific
☆ East Asia's growth is faster than the rest of the world but China headwinds weigh, World Bank says
  + stars: | 2024-04-01 | by ( Dylan Butts | ) www.cnbc.com   time to read: +1 min
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. 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. Growth in the region is expected to ease to 4.5% this year, slowing from last year's 5.1% expansion, according to the bank's East Asia and Pacific (EAP) update for 2024, which was released Monday. However, excluding China, growth in the region is predicted to reach 4.6% this year — higher than 4.4% in 2023.
Persons: CNBC's Organizations: ECA International, World Bank Locations: Asia, Pacific, East Asia, headwinds, China
☆ Breakingviews: Globalization woes create new winners and losers
  + stars: | 2023-10-17 | by ( Francesco Guerrera | ) www.reuters.com   time to read: +8 min
Over the past seven decades, the world economy has grown 14-fold, powered by a 45-fold expansion in global trade, according to the World Trade Organization. World trade as a percentage of GDP peaked at 61% in 2008. The first is rising geopolitical tensions between the United States and China. The retrenchment is probably going to be gradual: global trade was still worth 57% of world GDP last year. For 2024, the WTO said growth in goods trade would pick up to 3.3%, virtually unchanged from its April estimate of 3.2%.
Persons: Chris Helgren, Joe Biden, Xi Jinping “, ”, Caroline Freund, Aaditya Mattoo, Alen Mulabdic, Michele Ruta, Ursula von der Leyen, it’s, Laura Alfaro, Davin Chor, Dario Perkins, GlobalData’s Perkins, Peter Thal Larsen, Streisand Neto, Thomas Shum Organizations: Warehouse Union, REUTERS, Reuters, World Trade Organization, Economic, Reuters Graphics Reuters, HK, Amperex Technology, European Central Bank, GlobalData, Lombard, Companies, Bureau of Labor Statistics, ECB, Thomson Locations: Vancouver , British Columbia, Canada, Netherlands, United States, China, Beijing, Washington, U.S, Taiwan, Mexico, Vietnam, People’s Republic, Latin America, Chile, Brazil, Ukraine, Geneva
☆ Globalisation woes create new winners and losers
  + stars: | 2023-10-17 | by ( Francesco Guerrera | ) www.reuters.com   time to read: +8 min
Over the past seven decades, the world economy has grown 14-fold, powered by a 45-fold expansion in global trade, according to the World Trade Organization. World trade as a percentage of GDP peaked at 61% in 2008. The first is rising geopolitical tensions between the United States and China. The retrenchment is probably going to be gradual: global trade was still worth 57% of world GDP last year. For 2024, the WTO said growth in goods trade would pick up to 3.3%, virtually unchanged from its April estimate of 3.2%.
Persons: Chris Helgren, Joe Biden, Xi Jinping “, ”, Caroline Freund, Aaditya Mattoo, Alen Mulabdic, Michele Ruta, Ursula von der Leyen, it’s, Laura Alfaro, Davin Chor, Dario Perkins, GlobalData’s Perkins, Peter Thal Larsen, Streisand Neto, Thomas Shum Organizations: Warehouse Union, REUTERS, Reuters, World Trade Organization, Economic, Reuters Graphics Reuters, HK, Amperex Technology, European Central Bank, GlobalData, Lombard, Companies, Bureau of Labor Statistics, ECB, Thomson Locations: Vancouver , British Columbia, Canada, Netherlands, United States, China, Beijing, Washington, U.S, Taiwan, Mexico, Vietnam, People’s Republic, Latin America, Chile, Brazil, Ukraine, Geneva
☆ World Bank economist discusses pandemic recovery progress and outlook for Asian economies
  + stars: | 2023-10-02 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWorld Bank economist discusses pandemic recovery progress and outlook for Asian economiesAaditya Mattoo, World Bank's Chief Economist of the East Asia and Pacific Region, sees economic growth in Asia ex-China "edging up" in 2024.
Organizations: World Bank, East Locations: East Asia, Pacific Region, Asia, China
☆ China's recovery isn't 'full-blooded' but it's significant, World Bank says
  + stars: | 2023-03-31 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's recovery isn't 'full-blooded' but it's significant, World Bank saysAaditya Mattoo of the international financial institution says 2022 was "the hard year" for China, which is now seeing a "significant bounce back."
☆ World Bank raises growth forecast for East Asia, says banking sector is sound despite global stress
  + stars: | 2023-03-31 | by ( Jihye Lee | ) www.cnbc.com   time to read: +3 min
The World Bank said "the most immediate challenge" for the region is the growing division between the U.S. and China. The East Asia and Pacific region grew by 3.5% in 2022, it said. As for China's economy, the World Bank raised its full-year growth forecasts for 2023 from 4.5% to 5.1%. "Publicly available indicators show adequate overall capital levels and low non-performing loans for most countries in the region," the World Bank said. "Financial sector health is so far sound in East Asia Pacific."
☆ World Bank cuts 2022 East Asia growth outlook, cites China slowdown
  + stars: | 2022-09-27 | by ( ) www.reuters.com   time to read: +2 min
A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo/MANILA, Sept 27 (Reuters) - Economic growth in East Asia and the Pacific will weaken sharply in 2022 due to China's slowdown, but the pace of expansion will pick up next year, the World Bank said on Tuesday. "As they prepare for slowing global growth, countries should address domestic policy distortions that are an impediment to longer term development," World Bank East Asia and Pacific Vice President Manuela Ferro in a statement. These have caused capital outflows and currency depreciations, the World Bank said. "Controls and subsidies muddy price signals and hurt productivity," World Bank East Asia and Pacific Economist Aaditya Mattoo, said in a statement.
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