ID :
116849
Thu, 04/15/2010 - 16:32
Auther :
Shortlink :
http://m.oananews.org//node/116849
The shortlink copeid
ADB: MONGOLIAN ECONOMY TO GROW
Ulaanbaatar, /MONTSAME/. The Asian Development Bank (ADB) has raised its regional growth forecast this year to 7.5 per cent from 6.6 per cent, but warns that governments need to adjust policies to avoid shocks that could hamper the recovery.
China is forecast to grow by 9.6 per cent, after last year's 8.7-per-cent expansion almost single-handedly lifted the region's overall growth to 5.9 per cent, offsetting weakness elsewhere, the ADB said in its economic outlook released April 13.
Five South-east Asian economies that contracted last year - Malaysia, Singapore, Thailand, Cambodia and Brunei - also are set to return to growth, together with Hong Kong, Mongolia and Taiwan, the bank said.
S.Batbayar
China is forecast to grow by 9.6 per cent, after last year's 8.7-per-cent expansion almost single-handedly lifted the region's overall growth to 5.9 per cent, offsetting weakness elsewhere, the ADB said in its economic outlook released April 13.
Five South-east Asian economies that contracted last year - Malaysia, Singapore, Thailand, Cambodia and Brunei - also are set to return to growth, together with Hong Kong, Mongolia and Taiwan, the bank said.
S.Batbayar
