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East Asia and the Pacific

GDP growth for the East Asia and the Pacific region slowed to 8.3 percent in 2011, much slower than the post-crisis recovery pace of 9.7 recorded in 2010. The slowing was more marked for those countries outside of China, whose aggregate growth rate slowed by a full 2.5 percentage points to 4.5 percent in the year, in large part due to a decline in Thailand under massive flooding conditions. East Asia is projected to slow further to growth of 7.6 percent  in 2012, as domestic demand in China  cools in response to earlier policy actions and relatively weak demand from high-income countries. Against this background, Chinese policy has recently turned more accommodative. Regional outturns will be boosted as global trade growth firms, regional GDP is expected to strengthen over  2013 and 2014, growing during each of the two years by about 8 percent for the region, 8.5 percent for China, and 5.8 percent for East Asia excluding China.

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