By The World Bank GroupRecent developmentsGrowth in East Asia and the Pacific (EAP) rebounded to an estimated 7.1 percent in 2021, but the speed of recovery differed considerably among countries. A series of significant disruptions caused by the pandemic resulted in weaker-than-expected growth in several large economies in 2021. In the region excluding China, growth is expected to accelerate to 5 percent as domestic demand and vaccination rates increase. The region is expected to face a steady decline in global demand, as growth in major economies moderates. The tourism-dependent economies are not expected to recover to pre-pandemic levels until 2022 (Cambodia, Malaysia, the Philippines) or 2023 (Thailand).

Source: The North Africa Journal January 17, 2022 14:35 UTC