World Bank Says Economic Recoveries in East Asia Are Losing Steam

The headquarters of the World Bank in Washington, D.C., on Jan. 19, 2022. Daniel Slim/AFP via Getty Images

The World Bank said that Asian economies are beginning to lose steam after making a recovery from the pandemic.

The smaller economies in East Asia, which have largely regained their pandemic-era losses, are now facing a stalled recovery as productivity begins to lag, according to a World Bank report from March 31.