Quantcast
  

Sunday, April 20, 2014         

 Print   Email   Comment | View 1 Comments   Most Popular   Save   Post   Retweet

UHERO says Asia growth prospects better than rest of world


POSTED:
LAST UPDATED: 04:36 p.m. HST, Dec 07, 2012



Prospects for economic growth are better in Asia than for most of the rest of the world in the coming year, according to a report released today by the University of Hawaii Economic Research Organization.

The optimism is based on the resiliency of the region’s developing countries, which are less susceptible to the slowdown in global trade than their more developed Asian neighbors, researchers reported.

 The biggest drag on global economic growth is the ongoing debt crisis in Europe and the “stuttering U.S. recovery,” according the report.

“Higher-income Asian economies have suffered the most from the trade falloff,” the researchers wrote. “At the same time labor markets and fiscal conditions in East and Southeast Asian developing countries remain far stronger than the developed world. As a result, growth prospects for the region continue to look rosier than in much of the rest of the world, if softer than we saw in the early post-crisis rebound.”

The countries that most trade dependent -- including Korea, Taiwan, Singapore and Hong Kong -- have seen the sharpest slowdowns over the past year, according to the report. Conditions have held up better in many of the emerging countries where domestic consumption and investment demand has largely offset the effects of lower export earnings, the report said.







 Print   Email   Comment | View 1 Comments   Most Popular   Save   Post   Retweet

COMMENTS
(1)
You must be subscribed to participate in discussions
By participating in online discussions you acknowledge that you have agreed to the TERMS OF SERVICE. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. Because only subscribers are allowed to comment, we have your personal information and are able to contact you. If your comments are inappropriate, you may receive a warning, and if you persist with such comments you may be banned from posting. To report comments that you believe do not follow our guidelines, email commentfeedback@staradvertiser.com.
Leave a comment

Please login to leave a comment.
shanik wrote:
DUH
on December 7,2012 | 12:40PM
IN OTHER NEWS
Breaking News