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Indonesia should achieve 6.1 percent growth this year, while Malaysia grows 4.8 percent and the Philippines by 5 percent, the bank said. It forecast Thailand's growth at 4.5 percent and Vietnam at 5.2 percent. "For 2013, growth is expected to pick up in most of the region's other developing economies, where domestic demand remains robust," the bank said. Trade-driven Asian economies need to rebalance away from reliance on foreign demand for their exports and encourage consumer spending, the World Bank said. "The subdued outlook for advanced economies continues to put a premium on domestic demand, and thus rebalancing remains important for most countries in the region," the report said. ___ Online: World Bank: http://www.worldbank.org/
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