Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: RealMuLan who wrote (36697)	7/29/2003 11:50:01 AM
From: RealMuLan	Read Replies (1) of 74559

ADB sees stronger Asia growth SINGAPORE - The Asian Development Bank on Tuesday tempered optimism about a near-term pick-up in growth with a warning that Asia still faces many risks, not least because the scars of the 1997 financial crisis are yet to heal. The ADB said in a report that the end of the flu-like SARS outbreak, tentative signs of improving global demand and the swift conclusion to the Iraq war, which has helped keep a lid on oil prices, all boded well for East Asia. "Developments in the last few weeks give room for optimism for a pick-up in East Asia's growth in the second half of this year and a further strengthening next year," said Yoshihiro Iwasaki, head of the ADB's Regional Economic Monitoring Unit. abs-cbnnews.com

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