World Bank views East Asia's recovery as fragile

Article Abstract:

The improving condition of East Asian economies during the second half of 1999 is not a guarantee of long-term stability, according to World Bank analysts. During the bank's joint annual meeting with the International Monetary Union, it was stressed that deflation and minimal investment flow still pose serious threats to East Asian countries. Despite this looming uncertainty, experts assert that the strength of East Asian stock markets would prevail for a considerable period of time.

Financial Services, Finance and Insurance, Financial services industry, Reports, Deflation (Finance), Deflation (Economics)

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Growth rate seen at 4.6%

Article Abstract:

South Asia is bound to be the world's fastest growing region in terms of economic gains, as revealed by the latest statistics issued by the World Bank. According to bank officials, the region is expected to register an estimated 4.6% economic growth, two percentage points higher than the second best performing area. However, bank officials believe that South Asian countries may have to effect a number of long-term economic reforms and anti-poverty programs to maintain its rank.

National Income & Expenditure, Economic development, Asia, South Asia

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World Bank says East Asian nations seeking capital can learn from success of neighbors

Article Abstract:

The World Bank has several practical suggestions for East Asian countries seeking more private investment for their infrastructure development. It advises governments to adopt a well-planned strategy to attract private investment, facilitate projects, promote more transparency in transactions and mitigate project risks. The World Bank also suggests that East Asian countries develop domestic capital markets.

Infrastructure (Economics), Planning

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