Inflation a key economic concern for India and China as growth accelerates; Asia to expand by 6.6% in 2010
Jan 15th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Inflation is a key economic concern for India and China as growth accelerates in aftermath of the global financial crisis, the Asian Development Bank warned on Friday. The ADB also warned that southeast Asian economies would need to make significant financial, fiscal and structural adjustments to protect themselves against future economic shocks. Haruhiko Kuroda, president of the ADB, said Asia as a whole is likely to expand by 6.6% in 2010 after posting a 4.5% growth last year.