The situation in Ukraine threatens the unbalanced recovery of developing countries in East Asia and the Pacific under the influence of the epidemic. It is predicted that the overall economic growth in this region will slow down to 5% in 2022, which is 0.4 percentage points lower than the predicted value of 10 last year.

The World Bank said that the situation in Ukraine and the impact of sanctions on Russia are disrupting the supply of commodities, intensifying financial pressure and curbing global growth.

The real incomes of major fuel importing countries (such as Mongolia and Thailand) and food importing countries (such as Pacific island countries) in the region have declined, while highly indebted countries (such as Laos and Mongolia) and countries highly dependent on exports (such as Malaysia and Vietnam) are vulnerable to global financial and growth shocks.

Manuela Philo, vice president of the World Bank for East Asia and the Pacific, said: "The economies in East Asia and the Pacific are recovering from the impact of the epidemic, but the outbreak of the epidemic has hindered the economic growth momentum.

Overall strong economic fundamentals and sound policies should help the region cope with these storms.

The growth prospects are overshadowed.

The World Bank believes that although commodity producers and fiscally prudent countries may be better able to withstand shocks, events such as the situation in Ukraine will cast a shadow over the growth prospects of most countries in the region.

In addition, the economic rebound driven by stimulus measures and continuous supply interference have led to an increase in inflation in the United States, which may trigger a faster-than-expected financial contraction. This may be the right time for the United States, but it is still too early for many countries in East Asia and the Pacific that have not fully recovered their economies.