No Surprise But Perhaps a Bit Worrisome

Bloomberg’s Shamim Adam wrote this week that “Asia’s developing economies will expand at a slower than expected pace this year as easing U.S. growth weighs on exports and accelerating inflation crimps consumer spending, the Asian Development Bank said. East Asia may expand 7.6% in 2008, less than a December estimate of 8%…Next year’s growth is also estimated to be 7.6%.”

In nominal terms, these numbers are not significant in and of themselves. However, the threat of inflation is pressing. Record fuel prices and commodity costs have fueled inflation across Asia and there are few signs that price pressures will

This is only an excerpt of No Surprise But Perhaps a Bit Worrisome

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.