Emerging East Asia heading for V-shaped recovery; Japan’s export fall slowed to 35.7% in June
Jul 23rd, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Although economic growth is continuing to slow this year, emerging East Asia has already entered the transition from recession to recovery, says the July issue of the Asia Economic Monitor (AEM), published today by the Asian Development Bank. A V-shaped recovery is forecast and growth is expected to double in 2010. Meanwhile, Japan’s trade surplus in June widened for the first time since October 2007, largely as imports declined at a faster pace. The exports fall, from a year earlier, also slowed to 35.7 percent.