Forecast: the Asian economy will recover steadily in the next two years
forecast: the Asian economy will recover steadily in the next two years
China Construction machinery information
Guide: the Asian Development Bank said today that in the next two years, the Asian region will continue to achieve a steady recovery, and the economic growth rate will slow down, slightly less than 8%. However, rising food prices are actually not an easy thing, which may cause more people to fall into poverty. The Manila based bank said that although the economic growth in Asia has reached
the Asian Development Bank said today that in the next two years, the Asian region will continue to achieve a steady recovery, and the economic growth rate will slow down, slightly less than 8%. However, rising food prices may push more people into poverty
the Manila based bank said that although the economic growth rate in Asia was less than the 9% created in 2010, the recovery momentum was still strong
in its annual economic report, the Asian Development Bank predicts that the economic growth rate of the Asian region (including 45 developing or newly industrialized Asian economies, excluding Japan) in 2011 will be 7.8% and 7.7% in 2012
lichangyong, chief economist of the Asian Development Bank, said: "the developing Asian region has shown resilience in the global economic recession, and is now consolidating its recovery. Moreover, the rapid growth of the two major economies in the region - China and India - will continue to increase slightly in the shipping market, improving the growth rate of the region and the global economy."
however, the Asian Development Bank warned that inflation remains one of the biggest challenges facing the region. Prices are expected to rise by 5.3% this year and fall to 4.6% in 2012
two thirds of the world's poor live in Asian developing countries. With the rise in food prices, they have to spend more income on food, so they are more affected by inflation
the report said: "this has widened income inequality and may cause social tension."
the Asian Development Bank said that other factors that may threaten economic growth in Asia include the weakness of the U.S. economy, the sovereign debt problems of euro zone countries, and the damage caused by the earthquake and tsunami to Japan
it also said that the volatile situation in the Middle East has led to higher oil prices, which may also affect the economic recovery in Asia
East Asian economies, including Mainland China, Hong Kong, Taiwan and South Korea, will lead the growth momentum. The overall growth rate will reach 8.4% in 2011 and 8.1% in 2012The Asian Development Bank said that China's economic growth will continue to be driven by government investment in infrastructure and other fixed assets, but with the reduction of spending aimed at stimulating the economy and the rise of interest rates, China's economic growth will slow down. Due to weak demand in important western markets, China's export growth will also slow down
the growth rate of Indian economy in 2010 was 8.6%, and it is estimated that the growth rate in 2001 will be 8.2%. In 2012, polysulfide building sealant jc483 ⑼ 2 will rise to 8.8%. The economic growth rate of Southeast Asian countries, including Singapore, Thailand, Malaysia and the Philippines, is expected to be 5.5% in 2011 and 5.7% in 2012. It is expected that the economic growth rate of Indonesia and Vietnam will exceed 6% in the next two years
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