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Article: ESCAP revises down forecast growth for developing countriesin Asia- Pacific
- Article from:
- Xinhua News Agency
- Article date:
- April 18, 2003
CopyrightCopyright 2003 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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ESCAP revises down forecast growth for developing countries in
Asia-Pacific
SINGAPORE, April 17 (Xinhua) -- The United Nations' Economic and
Social Commission for Asia and the Pacific (ESCAP) regional survey
for 2003 has revised down forecast growth for developing countries in
the region to 5.0 per cent from 5.4 percent due to the impact of
Severe Acute Respiratory Syndrome (SARS) and the aftermath of the war
in Iraq.
The survey said that ESCAP region performed well in 2002 and
growth for 2003 in the region is still expected to easily outpace the
rest of the world and to be led by China.
It also said that the aftermath of the war in Iraq and faltering
growth in the US, Japan and EU ...