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Asia's slowdown will be short-lived

Article Abstract:

The Asian Development Bank's annual economic forecast predicts that East and Southeast Asia will experience a brief, but significant, slowdown in 2001 from 7.1% growth in 2000 to 5.3% in 2001 and back up to 6.1% in 2002, attributed mostly to the economic downturn in the United States. It is noted that due to the structural reforms and low trade-to-gross domestic product ratios of India and China, these countries are expected to maintain growth of 6.2% and 7.3%, respectively.

DEPOSITORY INSTITUTIONS, Statistical Data Included, Column, Economic development, Asian Development Bank (Manila, Philippines)

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Asian Development Bank says Southeast Asia is on the mend; pace of region's economic recovery will depend on effectiveness of financial reform

Article Abstract:

The Asian Development Bank (ADB) has predicted the economic turnaround of Southeast Asian economies in 1999. However, its recovery will depend on the effectiveness of financial reform while the region will continue to be at the mercy of world financial markets. The annual economic outlook released by ADB is in sharp contrast with that of the World Bank which has predicted that the economic crisis will drag on longer than previously anticipated.

Economic forecasting, Southeast Asia, Asian Development Bank

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Asia's banks must gird for challenges ahead

Article Abstract:

The relative stability of Asian currencies following the foreign-exchange losses of 1997 and 1998 should spur the region's banks to bring about necessary changes. First, banks should avoid introducing new products and services without regard for return on investment. Second, stricter bank regulations should be imposed. Third, sophisticated credit ratings should be made. Fourth, listings and disclosures should be made accessible to interested parties. Fifth, universal prescriptions for different economies should be avoided.

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