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Article: Asia emerges as world's new dominant economy.
- Article from:
- Australasian Business Intelligence
- Article date:
- September 20, 2009
CopyrightCOPYRIGHT 2009 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Bill Barbour
Sep 20, 2009 (The Australian Financial Review - ABIX via COMTEX) -- The International Monetary Fund estimates that emerging Asian economies' GDP will be equivalent to 70 per cent of GDP in the US by 2014, compared with just 50 per cent at present. Meanwhile, Deutsche Bank expects China's inflation rate to rise to four per cent in year-on-year terms by the middle of 2010, up from the current rate of minus 1.8 per cent.
Publication Date: 21 September 2009
INTERNATIONAL MONETARY FUND
DEUTSCHE BANK AG
UNITED STATES. DEPT OF AGRICULTURE