2008 To Be Another Growth Year In East Asia
BBC Business reports that East Asia is set for strong growth in 2008 as domestic demand offsets high crude oil prices according to the World Bank says. China’s economy will grow by 10.8%, down from 11.3% in 2007.
East Asia, excluding Japan, is seen growing 8.2% in 2008 from 8.4% in 2007.
East Asia includes China, Indonesia, Japan, Malaysia, the Philippines, Thailand, Vietnam, Hong Kong, South Korea, Singapore and Taiwan.
