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The Independent UK

National

Alisha Rahaman Sarkar

Ukraine invasion will lower economic growth in Asia and Pacific, World Bank warns

World Bank Ukraine Asia China

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Russia’s Ukraine invasion is likely to further hinder the economic growth of Asia and the Pacific region in 2022, the World Bank has warned.

The Washington-based lender, in its report on Tuesday, said it expected growth in the developing East Asia and Pacific (EAP) region for 2022 to expand by five per cent, lower than its 5.4 per cent estimate in October.

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