ADB: Economic Growth in East Asia to Ease in 2008 |
| Voice of America - Dec 13, 2007 |
The Asian Development Bank says economic growth in the Asia Pacific will weaken slightly in 2008 due to volatility in financial markets and rising oil prices. In a report, the Manila-based institution said the region is expected to remain financially strong, but faces new financial risks. Naomi Martig reports from VOA's Asia News Center in Hong Kong.
The Asian Development Bank, in a report released Thursday, says growth in the Asia Pacific region should fall to 8 percent in 2008, half a percentage point lower than in 2007.
In China, the region's largest economy, the ADB is predicting that if government measures to cool the economy take hold, economic growth will slow to 10.5 percent in 2008, from 11.4 percent this year.
Read Full Article from Voice of America
- Posted: 2007-12-13 10:33:50
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