Bloomberg News

World Bank: Asia Has to Find New Sources of Growth

May 22, 2012

Bert Hofman, the World Bank’s chief economist for the East Asia and Pacific region, talks about the region's economic growth outlook.

The World Bank said policy makers in East Asia must guard against inflation risk, and be prepared to reverse recent easing, even as slowing growth in China and Europe’s persistent sovereign-debt turmoil hurt exports. Growth in developing East Asia, which excludes Japan and India, will probably ease to 7.6 percent this year from 8.2 percent in 2011, the Washington-based lender said in a report today. Hofman spoke yesterday in Tokyo with Bloomberg Television's Aika Nanao. (Source: Bloomberg)

00:00 Developing East Asia economies; growth source 03:04 Financing needs for infrastructure projects 05:55 China economy: real estate, income inequality 10:41 East Asia: trade, growth, Europe concerns 14:57 Poverty, domestic demand, income 16:57 China economy; East Asia's growth sources

Running time 19:59

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