Asia economy to bounce back next year
August 13, 2009 11:43 am
Asian economy is likely to bounce back from the global economic slump in 2010, but fears remain over the sustainability of growth if there is no wider recovery, stated the Asian Development Bank.
The bank’s Chief Economist Lee Jong-Wha said, “The outlook for East Asia this year remained ‘pessimistic,’ but foresaw a V-shaped recovery led by China. We are optimistic about developing Asia for a V-shape recovery. But the big question is whether it will be sustainable growth.”
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