BEIJING October 19, 2010
The Associated Press
The World Bank raised its growth forecast for East Asia's developing countries Tuesday but said governments need to control rising risks from surging capital inflows and currency strains.
Output has rebounded to above pre-crisis levels and regional growth should hit 8.9 percent this year, up from a previous forecast of 8.7 percent, the bank said. Last year's expansion was 7.3 percent.
"The economic recovery in East Asia and the Pacific is robust, but attention must now turn to managing emerging risks which may pose challenges to macroeconomic stability," the bank said in a twice-a-year outlook for the region's economies, excluding Japan.
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