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Karen LemaNeil Morales
3 minute read
A woman shops coconut products at a supermarket in Bangkok, Thailand, July 6, 2020. REUTERS/Athit Perawongmetha
Summary
World Bank urges advanced economies to release excess vaccines
World Bank chief says two-speed recovery a concern
July 15 (Reuters) - Growth in East Asia and the Pacific this year will likely be slower than previously thought, the World Bank said on Thursday, as many countries in the region grapple with spikes in COVID-19 cases, new variantsand vaccine supply constraints.
The East Asia and Pacific region, excluding China, is expected to grow 4% this year, World Bank President David Malpass said, down from a 4.4% forecast in March, with countries like conflict-torn Myanmar facing a deeper-than-expected slump.
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