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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Post a Comment Comments: 2
Well lots of Asian economies are commodities exporters and as demand picks up again they will see the first benefits of increases in commodities exchanges. Also cheap labour is a good reason for certain companies to reinvest in Asian economies as a way to pull up their own struggling balance sheets.
yep, lots of countries are changing their developing way to increase their economies and some of play important role in the international import and export market. Hope the world become more and more peaceful and people can enjoy better lives.
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