Asia may see modest economic slowdown
Economists cited the region’s already elevated growth rates, rising domestic demand in China and India and the leeway policy makers in the region have to ease fiscal and monetary policies as factors that could offset a major global slowdown. Of the 12 economies surveyed in the Asia-Pacific, economists predicted that gross domestic product growth in four is higher in 2008 than this year. Economic growth would be slightly lower in the rest of Asia, including China, India, Singapore, Australia and the Philippines.
