East Asia&#39;s Economies to Grow Over 7 Pct.
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A fifth year of powerful economic growth in East Asia and the Pacific has driven the number of people living in poverty in the region to its lowest level ever, but the World Bank warned Tuesday that oil prices could dampen the boom next year.
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There's more to growth than just a high growth rate.
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Japan's economy, the world's second largest, grew more quickly than many experts forecast, state figures show.
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THE ASIAN Development Bank (ADB) said it has raised its GDP growth forecast for China to 8.8 percent from 8.3 percent, but slightly scaled down next year&#39;s projection for the world&#39;s fastest-growing economy to 8.0 percent from 8.2 percent.
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The Asian Development Bank (ADB) raised its 2004 economic growth forecast for the region to seven per cent from 6.8 per cent due to surging exports, but cut its 2005 estimate as it sees China&#39;s expansion slowing.
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World economic growth will be higher than predicted, the IMF says at the start of Singapore meetings.
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In its latest Asian Development Outlook released today, the ADB said GDP growth projections for 2004 have been raised by about half a percentage point in both East Asia and Southeast Asia.
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The Asian Development Bank raises its forecast for regional growth to 7% in 2004, up from an earlier forecast of 6.8%.
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that is, in other countries such as China and India. According to an IDC study, China&#39;s IT growth is expected to be 15% annually and India&#39;s about 20%.
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Rising oil prices are expected to hit China's growth rate this year.
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NEW YORK -- The United Nations Conference on Trade and Development (UNCTAD) announced Thursday (local time) that the Korean economy is expected to grow by 6.5 percent while the world economy by 3.8 percent.
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China's annual economic growth surged to an 11-Â½ year high of 11.9 percent in the second quarter, cementing expectations for tighter policy to keep the world's fastest-growing major economy from overheating.
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The Philippine economy grew at an annual rate of 7.3 per cent last year, recording its biggest expansion in 31 years thanks to stronger consumer and government spending.
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Developing Asia and the Pacific will grow at 7.0 percent in 2004 on strong exports and buoyant intraregional trade, the Asian Development Bank says.
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Ha Noi (VNA) - In its report &quot;Asian Development Outlook 2004&quot; released on Sept. 22, the Asian Development Bank (ADB) predicts that developing Asia is likely to sustain its economic growth rate at 7 percent
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Japan grew at an annual pace of 3.3% in the first quarter of 2007, figures show, higher than previous estimates.
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China will continue to drive East Asia&#39;s growth next year, but the world&#39;s fastest-growing region may have reached its peak in expansion, according to the World Bank.