Chance of a bottoming out in China provides hope for East Asia on an otherwise gloomy horizon says World Bank
Apr 7th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
As countries in the East Asia and Pacific region prepare themselves for an expected surge in joblessness resulting from the global slowdown, a ray of hope may be emerging with signs of China’s economy bottoming out by mid-2009, says the World Bank's latest half-yearly assessment of the region's economic health.