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.
NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.