‘India, China to lead Asian recovery’
The Times of India, April 28, 2009, Page 20
New Delhi: Driven by India and China, the emerging Asian economies no longer witness slump, which will lead the global recovery, UK financial services major Barclays said on Monday. “The slump in activity in emerging Asia is over. We believe the region returned to positive growth of the aggregate level in the first quarter of 2009 — driven by China and India — and the recovery is broading to the more open industrial economies in 2009,” Barclays Capital, an investment banking arm of Barclays, said.
Barclays capital included 10 Asian economies — India, China, Taiwan, Indonesia, Malaysia, the Philippines, Singapore, South Korea, Thailand and Hong Kong.Barclays expected the recovery in Asia to arrive slightly earlier than the rest of the world, reflecting stronger balance sheets. PTI
The Times of India, April 28, 2009, Page 20
New Delhi: Driven by India and China, the emerging Asian economies no longer witness slump, which will lead the global recovery, UK financial services major Barclays said on Monday. “The slump in activity in emerging Asia is over. We believe the region returned to positive growth of the aggregate level in the first quarter of 2009 — driven by China and India — and the recovery is broading to the more open industrial economies in 2009,” Barclays Capital, an investment banking arm of Barclays, said.
Barclays capital included 10 Asian economies — India, China, Taiwan, Indonesia, Malaysia, the Philippines, Singapore, South Korea, Thailand and Hong Kong.Barclays expected the recovery in Asia to arrive slightly earlier than the rest of the world, reflecting stronger balance sheets. PTI
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