Asia joins world economy’s new normal as China loses its edge

Asia joins world economy’s new normal as China loses its edge

John J. Metzler UNITED NATIONS — “Asia Pacific economic economies will see subdued growth in 2013 after last year’s sharp slowdown caused by external factors,” is the prognosis from a recent UN survey. “Economic growth in the developing countries of Asia and the Pacific slowed to 5.5 percent in 2012 as a result of the […]

As West falters, Asia Pacific region emerging as new global economic engine

As West falters, Asia Pacific region emerging as new global economic engine

John J. Metzler UNITED NATIONS — Despite the persistent economic headwinds which are expected to slow economic expansion this year, “growth in the Asia and the Pacific area remains better than in any other region; continuing as an anchor of stability and a new growth pole for the world economy.” That’s the guardedly optimistic prognosis […]