InfoAnda - Chinese, Indian growth easing, weak yuan a danger: OECD

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Dalai Lama clouds South Africa trade trip to China | | 26 September 2011
China sees limited impact of euro crisis on exports | 4 June 2010
Rabies kills a man on Bali | 5 February 2009

NYC trial for assistant in ex-punk manager slaying | 11 January 2010

Forum Views () Forum Replies ()

Read more with google mobile : Chinese, Indian growth easing, weak yuan a danger: OECD

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Singapore Asia Pacific World Chinese, Indian growth easing, weak yuan a danger: OECD AFP - Friday, November 19 Send IM Story Print Chinese, Indian growth easing, weak yuan a danger: OECD Slideshow: Full Photo Coverage: Business & Economy PARIS (AFP) - – Emerging Asian giants China and India are set for further high growth, but the weakness of the yuan is a grave threat to emerging economies in the region, the OECD said on Thursday. The South Korean economy is also set to expand at a brisk pace, but Japan's economy will slow significantly, the OECD said in its six-month outlook for leading economies. The OECD's chief economist Pier Carlo Padoan told a press conference on the report that emerging countries were suffering from the weakness of the yuan. "This might, paradoxically, lead to a disintegration in Asia," he said. "China has been a driver of growth in the region, but if exchange rates diverge too much I see a threat not just to global trade, but especially to Asian trade." With a realignment of global trade balances and currencies top on the agenda of world leaders, the OECD advised China that an appreciation of the yuan would also help stabilise its economy. "The stability of the domestic economy would be enhanced if exchange rate policy were more oriented to allowing an appreciation against a basket of currencies," the Organisation for Economic Cooperation and Development said. The United States and others have contended that China has been kept its currency artificially low against the dollar to boost exports, a charge that Beijing denies. China has recently shown more concern about inflation, which a feared flood of US stimulus funds to emerging markets could exacerbate, but the OECD forecast that Chinese consumer price inflation should stabilise at about 3.0 percent. Despite the removal of stimulus measures, the Chinese economy is forecast to show growth of 10.7 percent this year and then slowing to 9.7 percent in the next two years as domestic demand increasingly fuels expansion. In Asia's other major emerging economy, India, growth should rebound to 9.1 percent this year, slow to 8.2 percent next year and then climb to 8.5 percent in 2012. "...activity has eased form its unusually strong pace and there are now signs that the economy is shifting from the recovery phase to one of sustained high growth," the report said. Although the pace of the recovery in South Korea, a member of the OECD club of industrialised nations, has eased slightly in the second half of this year the country is still in line to post 6.2-percent growth this year. Encouraging Seoul to raise interest rates to contain inflationary pressures and undertake structural reforms to underpin growth, the OECD forecast that South Korea's economy will expand by 4.3 percent next year, and by 4.8 percent in 2012. Japan had now ended its fiscal stimulus measures, but the effect of these should help its economy to grow by 3.7 percent this year. The pace of expansion should slow to 1.7 percent next year and 1.3 percent in 2012. The OECD said that since it expected Japanese public debt to exceed 200 percent of output next year, the government should keep tight controls on spending. "At a minimum, it is necessary to avoid additional fiscal stimulus and contain government spending in 2011-2012..." the OECD said. Fuelled by a mining boom, Australia's economic growth should continue to pick up pace over the next two years, expanding 3.3 percent this year, then 3.6 percent in 2011 and 4.0 percent in 2012. China and India are not members of the OECD, a policy and research body for the governments of 33 leading economies in the world, but it habitually reviews the outlook for significant non-OECD areas such as the increasingly important top emerging economies. -- Dow Jones Newswires contributed to this report -- Recommend Send IM Story Print Related Articles US urged to cut military edge to help plug deficit Reuters - 37 minutes ago Bayer to cut jobs in 1 bln euro restructuring plan Reuters - 39 minutes ago FACTBOX-World's largest vehicle producers =2 Reuters - 40 minutes ago FACTBOX-GM to join major indexes as soon as Friday Reuters - 42 minutes ago Ex-car czar Rattner sued by Cuomo, settles with SEC Reuters - 55 minutes ago News Search Top Stories Astronomers find first planet from another galaxy GM shares soar in record launch as it cuts government stake Namibian authorities tight-lipped on suspicious luggage Greece announces more cuts to meet deficit shortfall OECD sees 2011 growth easing, backs Ireland aid More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Prince William's wedding to fit austere times in Britain 'Devastated' Eva Longoria files for divorce Mind over antimatter: Physicists explore new frontier US airport security staff touch a nerve Swiss pharmaceutical giant Roche to shed 4,800 jobs More Most Viewed » Alcohol more harmful than heroin, crack cocaine: study Toddler survives seven-floor fall in France EU fines 11 airlines 800 million euros for air cargo cartel Pilgrims stone 'devil' as Muslims celebrate Eid 'Naked' airport scanners may be 'dangerous' More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Friday, 19 November 2010
Suspected bomb bound for Germany found in Namibia: police
Record quarter for US online advertising revenue: IAB
Namibian authorities tight-lipped on suspicious luggage
US bottom of health care survey of 11 rich countries
US-TECH Summary
U.S. sanctions two North Korean entities |
Greece announces more cuts to meet deficit shortfall
Swedish court orders arrest of WikiLeaks founder for rape
France Telecom says online firms should pay for network
Tiger says 'infinitely' happier, hungry for majors
Madagascar plot stokes pressure on Rajoelin |
Azerbaijan releases blogger in key rights case: lawyer
Apple bringing mobile ad network to Europe
Cholera protesters in Haiti capital stone U.N. patrol |
Senate panel passes bill against piracy websites
Afghan timeline seen fraying under military pressure |
Sweden seeks detention of WikiLeaks founder
Japan vending machine recommends drinks to buyers
Hariri murder indictments in months: U.N. envoy |
Fidel Castro says delegated powers as party head |
UN committee condemns North Korea over torture and rights
Six countries turn down Nobel ceremony invite: Institute
China Telecom denies US web hijack allegations
India bask in glow of Asian Games' unsung heroes
Jarvi quits as chief conductor in homeland Estonia
RIM's PlayBook piques interest of core customers |
Malarial drug resistance spreads in Asia
Susan Boyle celebrates double chart success
Wallabies make five changes for Italy rugby Test
Senate panel passes bill against piracy websites |
Apple bringing mobile ad network to Europe |
Myanmar's Suu Kyi and UN chief Ban speak by phone
Why The Beatles' arrival on iTunes matters
A Minute With: Harry Potter star Daniel Radcliffe
Airbus wants Rolls Royce compensation for A380 engine
Chinese woman jailed over Twitter post
China vice-president hails increased investment in Africa
Chinese, Indian growth easing, weak yuan a danger: OECD
Indian microfinance giant fears for future after crackdown
China and Russia remain divided over natural gas price
Taiwan's economy up 9.80 percent in third quarter
S.Korea to restore tax on foreign bond purchases: ministry
Glee to do Thriller in post Super Bowl special |
Network cancels Medium tv series |
Dane Cook latest comedian set for Broadway |
Anne Hathaway, Denzel Washington to co-host Nobel peace concert |
Paul Rudd, Jeff Bridges to host SNL in December |
Silence speaks volumes in Russia-Iran dispute
Suspected bomb bound for Germany found in Namibia
US Air Force worried over location apps
'Asian unicorn' and scaly anteater make endangered list
New Zealand coal mine blast traps 27 underground |
Obama lauds GM stock sale as policy success
Protect Afghan civilians better, aid agencies urge
Shrinking of mobile gear market slows in Q3: Dell'Oro
Astronomers find first planet from another galaxy
U.S. sanctions two North Korean entities |
Warner Bros scrambles to pull online Harry Potter clip
U.N. committee slams Iran over human rights record
Swedish court orders arrest of WikiLeaks founder for rape
Abort or not: US couple to follow online poll results
Hariri murder indictments "in months"
Swedish court orders WikiLeaks founder Assange detained |
US calls for reduction in bluefin tuna catch: official
Obama Outlines Reasons For Immediate Ratification Of New START Treaty
U.S. Welcomes U.N. Resolution Critical Of Iran’s Human Rights Violations
Anti-UN unrest spreads to Haiti capital
Satellite images support North Korea reactor claim |
Facebook founder's first website sold at auction
NATO leaders to avoid citing Iran as missile threat
Airline Passengers Organize "Opt-Out" Protest of Security Screening Tactics
Congress Fails To Pass Jobless Benefits Extension
Wanted: more than 2,000, in Google hiring spree
Robert De Niro, Paul Rudd Host “SNL” In December
Greece announces more cuts to meet deficit shortfall
U.S. to deploy tanks in Afghan war: report |
OECD sees 2011 growth easing, backs Ireland aid
Sanford International Airport Opting Out of TSA Screening, Hiring Own Firm
Case study: Could Facebook trigger asthma?
Cyber Experts And Government Officials Agree Stuxnet Computer Worm Is Serious Threat
Four more detained after Shanghai fire kills 58 |
"Nickelodeon Fit" Game Aims Fitness At Preschoolers
Fox News head apologizes for comparing radio execs to Nazis
U.N. committee slams Iran over human rights record |
Drug Ring Indicted With Help of Google Street View
Connected TV store to start selling widgets
Disgraced Oceania FIFA official to appeal 'harsh' ban
“Paranormal Activity 3” Gets Release Date
NATO to back gradual withdrawal from Afghanistan |
MySpace deepens ties with rival Facebook
Asylum seekers sew lips together in Australia
Madagascar tells families to leave rebel barracks |
Theory emerges about Hollywood publicist's murder
New Zealand colliery blast raises fears for 27 miners
N.Korea agrees to hold talks in S.Korea
Russia says "nothing to hide" in arms suspect case
36 missing after explosion at New Zealand mine
Sri Lanka president sworn-in, vows economic revival
Satellite images support North Korea reactor claim
China's formidable gold medal tally soars higher at Asiad
Warner Bros scrambles to pull online Harry Potter clip
Thai 'Red Shirts' begin rally six months after crackdown
US-ENTERTAINMENT Summary
Accused abusers hit by UN condemnation
Chris Brown commended for progress on probation
Thanksgiving travelers up, sales shoppers down: forecasts
Anne Hathaway, Denzel Washington to co-host Nobel peace concert
Network cancels "Medium" tv series
Dell's margins blow by Street and shares rise |
Michelin awards top stars to two Chicago restaurants
OnLive on-demand videogame systems debut in December
White House to push for tech policy action in 2011 |
Dane Cook latest comedian set for Broadway
Wanted: more than 2,000, in Google hiring spree |
"Glee" to do "Thriller" in post Super Bowl special
Shrinking of mobile gear market slows in Q3: Dell'Oro |
Seoul shares open up on Irish debt plan, GM debut
Cisco CEO apologizes to shareholders |
NZ economic recovery may be prolonged-RBNZ's Bollard
Chris Brown commended for progress on probation |
Taylor Swift announces Thanksgiving Special |
Theory emerges about Hollywood publicist's murder |
Dane Cook latest comedian set for Broadway |
Anne Hathaway, Denzel Washington to co-host Nobel peace concert |
France rejects 'bin Laden talks' on Niger hostages
NATO set for end-2014 withdrawal from Afghanistan |
Disgraced Oceania FIFA official to appeal 'harsh' ban
Ivory Coast to put troops in rebel zones for poll |
Nigerian militants warn of more oil delta kidnappings |
Bailout negotiations start in crisis-hit Ireland
Barbra Streisand Expresses Passion For Architecture In New Tome
Government Survey Says 1 In 5 U.S. Adults Mentally Ill
World cardinals hold rare meeting on abuse, converts |
Hormone Therapy Both Increases And Decreases Dementia Risk
UK PM's aide quits after playing down austerity impact |
American Idol To Eliminate Top 24 Round, To Present New Challenges
House To Vote On Censure For Rangel After Thanksgiving
Congolese warlord on trial in The Hague |
Nokia says some N8 phones have power problems
Director: Lindsay Lohan May Lose Linda Lovelace Role
Israel planes hit Gaza targets after rocket fire |
Music Stars Rock Benefit Concert As Rehabbed Gaylord Opryland Lights Up Nashville
Germany says Namibia terror scare only security test |
U.S. says to deploy tanks in Afghan war
Calm returns to Guinea capital after poll clashes |
Mindful of costs, wary Michigan cheers GM IPO
Hundreds of foetuses found at Thai temple: police
Haiti cholera to spread to Dominican Republic: WHO |
Bernanke hits back at critics of bond-buying plan
Ethics committee recommends censure for Rangel
Thai "red shirts" return to Bangkok's streets
Democrats to hold votes on middle class tax cuts
I care for 8 survivors: Thai abortionist
Global minimum and maximum temperatures
Indonesian journalists in the hot seat over share allotments
Downton Abbey author becomes a Lord
Wagner 'moves out' of X-Factor house
Saudi govt to issue new law to protect migrant workers
Student admits 'eat and run' thefts at restaurants
India PM readies court defence as pressure mounts
PM urges extra holiday for royal wedding
Q+A: What happens when Web traffic goes through China? |
NATO forces to stay with Afghans post-2014
RIM says confident of resolving India concerns |
Theory emerges about Hollywood publicist's murder
Nokia says some N8 phones have power problems |
China banks to boost reserves amid inflation worries
Taylor Swift announces Thanksgiving Special
Startup lets doctors enter prescriptions on iPad |
Taiwan microchip maker UMC calls off China merger bid
Dell rises on expectations of solid sales to government |
Japan to develop cheap satellite for emerging markets
White House to push for tech policy action in 2011 |
Chinese activist sentenced for Twitter post |
China vows intensified crackdown on insider trading
More problems for China's Foxconn over workers' pay |
S.Korea's POSCO to grow at home and in India
Seoul shares rise 0.7 pct on techs, Hana Fin
NZ mine CEO says 27 miners believed trapped
Call for action to avoid looming food crisis
Korea Hot Stocks-Hana Financial extends gains
Samsung to create new office for group affairs
Q+A: What happens when Web traffic goes through China?
Anne Hathaway talks of Love and Other Drugs |
Chinese activist sentenced for Twitter post
EU orders Italy to pay back Elton John subsidy |
Nokia says some N8 phones have power problems
More problems for China's Foxconn over workers' pay
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01