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WB Asia

World Bank says Brexit has little impact on Asia

SINGAPORE: Britain's shock decision to leave the European Union will not be as damaging to developing Asia's economies as feared, the World Bank said on Wednesday as it increased its growth forecast for the region this year. Countries in the Mekong region led by Myanmar are projected to expand at the fastest pace in the next three years, the bank said in an updated report on East Asia and the Pacific, though Thailand was projected to be a laggard. World Bank chief Asia economist Sudhir Shetty said the upgrade for the…