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Regions :: North Asia :: Korea
11:03 AM MST | January 14, 2008 | DR
Overall economic growth in the East Asian region—defined as China, Korea, and Taiwan—will slip from 8.5% in 2007, to 8% in 2008, according to a recent report by the Asian Development Bank (ADB; Manila). Growth in the ASEAN countries will also slow, to 6.1% in 2008 from 6.3% in 2007, ADB says. Rising oil prices and slower growth in industrialized economies, together with volatility in financial markets, are contributing to the slowdown, ADB says. Nevertheless, inflationary pressures are likely to persist in 2008 in many countries throughout...
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