Policy makers in the region will have to face the challenge of a reduced pace of global trade expansion, the bank says.
In the latest East Asia and Pacific Regional Update, the bank cites other areas of concern, such as slowing growth in China, higher oil prices, and large dollar inflows to the region.
Electronics seems to have been hardest hit by the slow down of global trade expansion.
The World Bank has a twice-yearly look at the region's economies and noted that the tsunami's impact continuous to be felt.
Despite the horrendous loss of life, the Regional Update says that the December 26 tsunami is expected to have a minor impact on overall economic growth in the two most seriously affected East Asian economies, Indonesia and Thailand.
The six percent forecast growth for emerging East Asia, which includes the tsunami-affected countries, is slightly down from last year's cyclical peak of 7,2%, but should be more sustainable, with balanced contributions from exports, consumer spending, and investment.
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