Asia: Recovery to Lose Momentum

Emerging Asian economies rebounded strongly in 2010 from the global slowdown, and growth is set to continue in 2011 albeit at slightly lower rates. The expected moderation in growth this year is due to the weaker outlook for the global economy coupled with the phasing out of fiscal and monetary stimulus within Asia, the Asian Development Bank (ADB; Manila) says. The relatively weak recovery in developed countries also presents a challenge for Asian exporters, ADB says. Average GDP growth in “emerging East...

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