InfoAnda - World Bank: East Asia growth to slow in 2009

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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: World Bank: East Asia growth to slow in 2009 AP - 2 hours 9 minutes ago TOKYO - The World Bank says that East Asian countries are better prepared to tackle the latest financial turmoil than they were during their own crisis a decade earlier, but they nonethless face growing dangers as the slowdown deepens. In a new report Wednesday, the bank also praised "quick action" by policymakers in the region to respond to the crisis, saying the moves should help East Asia stabilize global economic growth. Falling exports and slowing business investment is expected to cause economic growth across East Asia _ a region that includes China but excludes Japan _ will slow to 5.3 percent in 2009 from an expected 7.0 percent this year. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business China leaders to table 2009 macro economic policyAFP - 20 minutes ago China Eastern to unveil government aid package - sourceReuters - 25 minutes ago Highland Gold postpones start of new Russian mineReuters - 27 minutes ago Emerging debt-Asian spreads widen as risk aversion lingersReuters - 27 minutes ago Europe stock index futures up, track Asian marketReuters - 28 minutes ago Most Popular – Business Viewed New recession warnings hit leading economies Muslim pilgrims stone Satan at the hajj Dow Chemical to cut 5,000 jobs, close 20 facilities Stocks take flight on prospects for anti-recession moves Military jet crashes in California suburb, three dead View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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