Expert: Asian economies set for two decades of growth

Search

Breaking News

Send to friend Discuss on CityscapeConnect.com All RSS feeds

Expert: Asian economies set for two decades of growth

07 Jul 2010

Economies across the whole of the Asian continent will experience rapid growth over the course of the next 20 years, an expert said yesterday (July 6th).

The Chinese and Indian economies have emerged as genuine global forces over recent times, with the former now being established as the world's third-largest after sustained periods of blistering growth within the last few years.

Indeed, Beijing has introduced measures to help curb its expansion in order to avoid any potential rise in inflation that could be caused by timeframes of growth such as the first quarter of 2010, when the country's financial sector grew by 11.9 per cent.

Meanwhile, the World Bank has said recently that China and India have crucial roles to play in helping the world recover following the recession.

However, AFP reports that Stephen Green, chairman of HSBC, has told a financial event in London that Asia "is not just a Chinese and Indian story", as places such as South Korea, Vietnam and Indonesia are also becoming increasingly powerful.
ADNFCR-1127-ID-19877388-ADNFCR