Originally published on Mon October 8, 2012 4:28 am
STEVE INSKEEP, HOST:
NPR's business news starts with slower growth in East Asia.
(SOUNDBITE OF MUSIC)
INSKEEP: That prediction comes from a World Bank report released today. The bank warns of a deeper and longer slowdown in the region caused by weak exports and weak domestic demand.
At the center of all this is a greater than slowing of the Chinese economy. The bank cut its annual growth prediction for China to 7.7 percent, which is down about half a point. Though next year, they expect China's economy to rebound a bit, helped by government stimulus measures. Transcript provided by NPR, Copyright National Public Radio.