By TOMOKO A. HOSAKA
The Associated Press
TOKYO
The World Bank raised its growth forecast for developing East Asia this year by almost a full percentage point to 8.7 percent on Wednesday but said the region's high-flying economies must make structural reforms to sustain their rapid expansion.
East Asia's developing economies have recovered from the global crisis, driven by a robust China, export demand and government stimulus, the Washington-based bank said in a semiannual report. It said industrial output, exports and employment were largely back to pre-crisis levels.
But the bank said countries must implement reforms "with vigor" to keep the rally going over the next decade. It also warned that it may be too early for most countries to completely end fiscal stimulus measures.
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