Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
Global financial woes take heavier toll on export-reliant Asia (4)
+ -
19:40, February 11, 2009

Click the "PLAY" button and listen. Do you like the online audio service here?
Good, I like it
Just so so
I don't like it
No interest
 Comment  Tell A Friend
 Print Format  Save Article
RECOVERY IN 2010?

IMF Managing Director Dominique Strauss-Kahn said Asia's economies could recover next year, but warned that the export-dependent continent could not pull through on its own.

Strauss-Kahn said Asia needed to boost household demand to reduce its traditional reliance on exports to the United States and Europe, but such a shift would not happen overnight.

"It's impossible for Asia to have a recovery while the rest of the world is in bad shape," he said. "It's very uncertain. A worse outcome can not be ruled out. There's some upside risk but there's a lot of downside risk."

Asia's economies are likely to grow at an average rate of more than 5 percent next year with growth in some countries set to pickup quickly once the environment improves, he added.

The IMF sees Asia growing just 2.7 percent this year, down from a November forecast of 4.9 percent.

Source:Xinhua

[1] [2] [3] [4]




  Your Message:   Most Commented:
2009 Spring Festival
Why does Israel push for truce in Gaza?
U.S. Airways jet's engines lost power simultaneously
"In Utah, I Get Zero Respect!", Interview with Utah Governor Jon M. Huntsman, Jr.
U.S. soldier killed by bomb explosion in Iraq

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90778/90858/90863/6590674.pdf