البنك الدولي يخفض توقعاته لنمو اقتصاد شرق آسيا والمحيط الهادئ بضغط من التباطؤ في الصين
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00:00 It seems that the economic downturn, which is witnessed by the second largest economy in the world,
00:05 is pressing on the growth of the economies of the countries of the Asia and Pacific region.
00:10 Recently, the World Bank has lowered its expectations for the growth of the economy of the Asia and Pacific region
00:16 to 5.1 percent from 5.1 percent in April 2023.
00:22 These are the expectations for 2023.
00:25 As for 2024, it has also lowered its expectations for growth to 4.5 percent from 4.8 percent,
00:34 as it had expected in a previous time of this year.
00:37 As for its expectations for China, it has kept its expectations for the growth of the Chinese economy
00:42 at 5.1 percent, which is higher than the Chinese government's target,
00:46 where the Chinese government aims to grow by 5 percent.
00:50 It has also lowered its expectations for China's economic growth for the next year to 4.4 percent from 4.8 percent,
00:58 due to the high debt levels that the country is witnessing and the crisis of the real estate sector.
01:04 As for the emerging markets and the emerging economies,
01:07 China's growth rate is expected to be 4.7 percent in 2024.
01:14 The world's economy is expected to slow down by 2.1 percent from 3.1 percent,
01:22 as the world economy had grown in 2022,
01:25 due to the rising basic inflation levels.
01:30 As for the debt level, it has witnessed a sharp rise in the Asia region over the past ten years,
01:38 as in China and Vietnam alone, the debt levels rose by 40 percent between 2010 and 2023.
01:48 The higher the government debt by 10 percent, the slower or lower the growth of investment by 1.2 percent,
01:58 while the higher the government debt by 10 percent, the slower or lower the growth of investment by 1.1 percent.
02:09 The increase in family debt by 10 percent will reduce the growth of benefits by 0.4 percent.