East Asia and Pacific Economic Update - Navigating Turbulence, Sustaining Growth

• Real GDP in developing East Asia is projected to increase by 8.2 percent in 2011 (4.7 percent excluding China), while growth will slow to 7.8 percent in 2012.
  
  
• In 2011, an estimated 38 million people will move out of poverty, and the proportion of people living on less than US$2 a day is expected to decrease to about 24 percent, down two percentage points from 2010.
  
  
• Growth in developing East Asia in the second half of 2011 continued to moderate, mainly due to weakening external demand. Domestic demand in East Asian economies remained the largest contributor to growth, although it is easing driven by the normalization of fiscal and monetary policy.

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