Asia Forecast of Economic

The World Bank lowered slightly its Penny Stocks to Watch forecast of economic growth of developing countries in East Asia this year and warned of a 'hot' in the region's economy could trigger inflation and asset bubbles. The global lender, in its latest report on East Asia and Pacific Indonesia lowered its economic growth forecast to 6.2% from 6.3% as forecast moderate growth in investment, but raised its growth forecast for Thailand and Malaysia.

 The World Bank also cut its projection for gross domestic product (GDP) of China by 0.1 basis points to 8.3% for 2013, citing the Beijing ongoing efforts to restructure its economy. Overall, the World Bank expects the economy of East Asia will grow 7.8% this year, below the December 2012 estimate of 7.9% but faster than last year by 7.5%. "The growth of our predictions for EAP (East Asia and Pacific) for 2013 and 2014 remained roughly the same as last year December. We look forward to the improvement in external conditions and strong domestic demand, regional growth will rise a moderate 7.8% in 2013 and then adjust back to 7.6% in 2014 and 2015, "the report explained as quoted by Reuters on Monday (15/04/2013).