East Asia to remain world's fastest growing region this year: World Bank

East Asia will remain the fastest growing region in the world this year, on the back of stronger global growth, the World Bank said on Monday.

It expects the region's gross domestic product (GDP) to expand by 6.2 per cent this year, picking up from 6.1 per cent last year.

Growth will be supported by developing countries in the region, which are tipped to expand by 7.1 per cent this year, largely unchanged from last year.

Developing East Asia's stable growth will be supported by the rebound in developed economies and a modest response by markets so far to the United States Federal Reserve's tapering of its massive bond-buying programme, the World Bank added.

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