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Business International |
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ADB: Asia set for mild recovery in 2010
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Asia is set for a mild economic recovery from the global financial crisis in 2010 after bottoming out this year, the Asian Development Bank's chief economist said Thursday. “Clearly now we are in the transition from recession to recovery,” Jong-Wha Lee said.
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The crisis was “bottoming out in many Asian countries ... but 2010 will see mild recovery,” he told reporters at the bank's headquarters in Manila. However, sustained economic growth will take longer to achieve because Western industrialized countries, the main markets for Asian exports, will continue to struggle with “the worst recession since World War II,” he said.
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AP
MANILA
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Benzer Haberler 
International
