De­vel­op­ing Asia leads global re­cov­ery in 2010: ADB

The Pak Banker - - Front Page -

MANILA: De­vel­op­ing Asian economies posted solid growth in 2010 as sound fun­da­men­tals and sup­port­ive mon­e­tary and fis­cal poli­cies that helped the re­gion to sur­vive the global fi­nan­cial cri­sis con­tin­ued to sus­tain its growth. The global re­cov­ery may be slug­gish, given that U.S. con­sumer spend­ing re­mains lack­lus­ter while Euro­pean coun­tries strug­gle with a debt cri­sis. But Asia's eco­nomic prospects re­main bright, with some of the re­gion's economies even grow­ing at pre­cri­sis lev­els. -PB News

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