"Since the last East Asia and Pacific Economic Update was published in April, greater uncertainty about the global economy has weighed on the performance and prospects of developing East Asia and Pacific (EAP). The pace of recovery in high-income economies has remained gradual while the widespread slowdown in developing economies has intensified, particularly in commodity producers affected by lower commodity prices. Global trade grew at its slowest pace since 2009, as import demand in emerging economies fell. The prospect of monetary tightening in the United States and continued moderation in China?s growth led to greater volatility in financial markets in recent months..."