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