The ADB forecasts economic growth in Asian emerging markets to slow to 6.9 percent in 2012 because of weak global demand. The development bank said that disappointing growth in the US, Japan and Europe, which are major markets for Asia’s export-oriented economies, is expected to continue for the next few years. <Full story>
For more analysis the ADB report, Eithne Treanor joins us from Dubai.
Q1. Hello Eithne. The report says emerging economies will be able to maintain growth despite the global uncertainties, but will it be enough to offset the sluggishness in developed nations, like the US and Europe? And HOW are emerging markets maintaining momentum, given all the headwinds?
Q2. Income inequality has been identified as a major concern for Asia. If the gap between haves and have-nots isn’t narrowed, what are the potential implications for the region and the global economy?
Thanks for joining us. That’s Eithne Treanor in Dubai.
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