World Bank on South Asia’s Economies October 2018

The World Bank has published a Report entitled “Budget Crunch. South Asia Economic Focus,” [i] covering the economic stability trends in the region generally as well as country wise. The World Bank Comments that growth is strong, but not driven by exports or manufacturing Domestic consumption has been the main contributor to economic growth across the region, with exports or investment being remarkably subdued Industrial production is holding well, but it grows slow- er than GDP in most countries. South Asia’s industrial production grew by only 5.4 percent in the second quar- ter of 2018, slightly lower than a quarter before says the World Bank. [558 Words].

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