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World Bank cuts Asia growth outlook for this year

 
Anonymous Coward
User ID: 1252150
Netherlands
10/07/2012 10:38 PM
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World Bank cuts Asia growth outlook for this year
The World Bank cut its growth forecast for Asia on Monday in a new sign of the impact of weakening global demand and warned China's cooling economy faces the risk of a "more pronounced slowdown."

[link to hosted.ap.org]
Anonymous Coward
User ID: 10097155
United States
10/07/2012 10:49 PM
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Re: World Bank cuts Asia growth outlook for this year
Wow.. according to that article Asia is gonna be sitting pretty.

The region is relatively well-positioned to weather a European crisis or global slowdown, the bank said. It noted most have well-capitalized banks, modest government deficits and large financial reserves.

Trade-driven Asian economies need to rebalance away from reliance on foreign demand for their exports and encourage consumer spending, the World Bank said.





And there you have as the West falls to shambles the East rises to glory.
Simon23k
User ID: 24266956
United States
10/07/2012 11:07 PM
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Re: World Bank cuts Asia growth outlook for this year
Rome will fall, and there will be a beginning of new ideas along with invention, creation and understanding. As rome has fallen before, rome will fall again as it has gotten to great the power has risen to the egotism in general. Its good to have ego once in a while but to be power hungry is like the sith lord from star wars. We need to start over and it will be good :)

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