IMPACTED by a slower US economy, Asia's (ex Japan) economic growth will ease to 8.3pc in 2008, from 8.4pc this year, according to Credit Suisse. And, while China, India and Vietnam will head the pack, rising inflation remains a concern.
In Credit Suisse's latest Emerging Markets Quarterly report, growth for the region was revised down to 8.4pc for 2007, from the previous 8.6pc. Dong Tao, Credit Suisse’s chief regional economist for Asia ex-Japan, said: “The malaise in the US housing sector is expected to trigger a global slowdown, and Asia's exports will be affected. But, in our view, economic fundamentals in Asia ex-Japan remain solid and regional markets should weather the growth downcycle." Credit Suisse has lowered its China GDP growth forecast for 2007 to 11pc, from the previous 11.5pc, mostly as a result of the ex...
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