Asian economies seen recovering faster
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Asian economies seen recovering fasterPosted by: GlobaltimesAsian economies seem likely to rebound first from the global recession, ...
Asian economies seem likely to rebound first from the global recession, while other developing countries are still huddling under even worse forecasts.
Asia’s recession appears to have touched bottom and the region is likely to be the first to climb out of the global economic slowdown, the Asian Development Bank’s chief economist Lee Jong-wha said yesterday in Manila.
Speaking at a news conference, Lee said that, compared to other regions, Asia − excluding Japan − had mostly managed positive growth throughout the crisis, albeit at lower levels.
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