Don’t miss the latest developments in business and finance.

UN report: Asian growth outlook bright despite uncertainty

Image
AP Bangkok
Last Updated : Jan 18 2017 | 12:28 PM IST
A United Nations report says Asia's economic outlook for 2017 is strong despite slowing global growth due to sluggish international trade and investment.
The world economy grew 2.2 per cent in 2016, the slowest pace since the end of the 2008 financial crisis.
Britain's plan to leave the European Union and the election of Donald Trump as US president are adding to uncertainty.
Despite a slowdown in China, Asia remains a "bright spot," the UN Economic and Social Commission for Asia and the Pacific (ESCAP) said in the report released today.
Strong consumer demand and government spending helped make up for weak exports, as East and South Asia grew at a steady pace of 5.7 per cent in 2016, level with the year before.

Also Read

First Published: Jan 18 2017 | 12:28 PM IST

Next Story