Emerging East Asia’s growth to moderate as inflation threat looms says Asian Development Bank
Jul 22nd, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Economic growth in emerging East Asia will moderate to 7.6% in 2008 and 2009 from 9.0% in 2007 as the region weathers a global economic slowdown, sharp rise in food and energy prices and volatility reigns in financial markets, says a new report by the Asian Development Bank (ADB).