World Bank trims 2016, 2017 East Asia growth forecasts, cites risks to outlook

This article reveals regional economy's influence on the world economy.
According to the article, the slowdown expectation on asian-pacific economy is from China's economic growth rate is expected to slow from 6.9 percent in 2015 to 6.7 percent in 2016 and 6.5 percent in 2017.
Also, according to the report, consistent fall of commodity price affect commodity exporters and decreases investment.
According to the outlook of World Bank, the growth in Malaysia might decrease from 5.0 percent in 2015 to 4.4 percent in 2016 and 4.5 percent in 2017, and the growth rate in Thailand might decrease from 2.8 percent in 2015 to 2.5 percent in 2016 and 2.6 percent in 2017. Both of these are contributed to the decreasing commodity price and the decreasing demand from China. This point shows the influence of foreign influence on the national economy. The decreasing foreign demand decreases the export and also the net export, finally influences GDP negatively. hat's more, as the article mentioned, the mainly reason for the increasing growth rate in Philippines is because of the existing pipeline of public-private partnership projects and spending related to the presidential election on May 2016, which are actually the increasing of national investment and consumption.
Here's the link: http://in.reuters.com/article/worldbank-asia-idINKCN0X8051