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Global AI Hardware Demand Powers East Asia Growth Beyond World Bank Forecasts
Several economies in the East Asia and Pacific (EAP) region are growing faster than expected due to their involvement in manufacturing and exporting high-tech goods that support artificial intelligence-related activity, the World Bank Group said in a Tuesday (Oct. 6) press release.
The World Bank Group has revised up its growth forecast for 2026 for Viet Nam by 1.1 percentage point to 7.4%, for Malaysia by 0.7 percentage point to 5.1% and for Thailand by 0.7 percentage point to 2.0%, according to the release, which highlights findings from the organization’s October 2026 “East Asia & Pacific Economic Update: Riding the AI Wave.”
Pacific Island countries, which have been impacted by high energy prices, are growing at 2.2%, which is 0.5 percentage point slower than expected, the release said.
China is growing at 4.4%, with a soft labor market and adjustments in the property sector constraining domestic demand, per the release.
Overall, the World Bank Group expects the EAP region to grow at 4.5% this year.
Carlos Felipe Jaramillo, World Bank vice president for East Asia and Pacific, said in the release that countries in the region can make AI “a powerful engine for opportunity.”
“East Asia and Pacific’s deep integration into global value chains and economic dynamism have positioned the region to benefit from the surge in global AI-related activity,” Jaramillo said. “The challenge now is to turn the region’s strength in producing AI-related goods into widespread AI adoption that boosts productivity and creates more and better jobs for millions of people.”
While several economies in the EAP region are benefiting from supplying the goods needed for artificial intelligence, the adoption of the technology by individuals and firms in the region trails advanced economies, according to the release.
Adoption of AI is being held back by businesses’ concerns about high costs, expertise, security and privacy, per the release.
“By mobilizing private capital for digital and energy infrastructure, expanding financing for businesses and investing in workforce skills, countries can accelerate AI adoption across the economy while helping small firms become more competitive, dynamic and resilient,” Sarvesh Suri, IFC regional vice president for Asia and the Pacific, said in the release.
PYMNTS reported in December 2025 that Mastercard predicted that AI would be a “meaningful” tailwind for the Asia-Pacific region in 2026.
Mastercard highlighted AI adoption and “targeted fiscal support,” saying these would be “meaningful tailwinds,” with Hong Kong, India, Japan and South Korea demonstrating robust momentum in corporate and consumer AI use.
Source: PYMNTS.com