FURTHER SLOWDOWN IN ASIA-PACIFIC GROWTH IN 2012 ON DECLINING EXPORTS, BUT REGION TO REMAIN GROWTH POLE OF WORLD ECONOMY

10 May 2012 -- Bangkok (UN ESCAP Strategic Communications and Advocacy Section) – Asia and the Pacific faces another year of slowing growth as demand for its exports falls in developed nations and capital costs rise, but the region will remain the anchor of global economic stability, according to latest United Nations projections released here today.... <read more>

 

MEDIA ADVISORY: LAUNCH OF UN ECONOMIC AND SOCIAL SURVEY OF ASIA AND THE PACIFIC 2012

2 May 2012 -- The Asia-Pacific region continues to face a deeply challenging external environment. The V-shaped recovery from the depths of the 2008-09 global financial crisis in 2010 proved to be short-lived, as the world economy entered a second stage of the crisis in 2011, due to the continued uncertain economic outlook of the US economy and the Eurozone debt crisis. Notwithstanding this slowdown, growth in Asia and the Pacific remains substantially better than in any other region – continuing as an anchor of stability and growth pole for the world economy. ....<read more>