The economic recovery in East Asia remains unchanged on its upward trajectory despite the earthquake and devastating tsunami in Japan on March 11.Growth in East Asia slowed after a sharp rebound from the global financial crisis but is improving nonetheless.The World Bank’s East Asia and Pacific Economic Update issued on March 21 projects real GDP growth in East Asia will be smaller than that of 2010 in the following two years.Besides future East Asian economic trends,the report also discusses the impact of the Japanese catastrophe.Edited excerpts follow:
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