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Developing Asia GDP to grow 7pc: UN

Ho Chi Minh City, June 7, 2010

The United Nations expects Asia's developing economies to grow about 7 per cent this year but a double-dip recession in the developed world could cut that by up to 1 percentage point, an assistant secretary general said on Monday.

"If there is a double dip then one would have to re-think the growth rates to some extent," UN assistant secretary general Ajay Chhibber told Reuters.

"I think the downside for growth would be small, I mean it would be at most a 1 percentage point reduction in the overall growth rate,” he added. – Reuters




Tags: UN | Asia | GDP | Recession | Ho Chi Minh City |

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