06 Feb '12, 9am

Asia will witness growth in the coming years..check out for more details

Ng Eng Hen, Defence Minister of Singapore , said that Asia will do better than other parts of the World. He claimed the same in a panel discussion at 48th Munich Security Conference (MSC) in Germany that took place from 3rd February 2012 to 5th February 2012. The conference consisted of defence and foreign ministers,military leaders,parliamentarians,heads of government and security experts. According to IMF (International Monetary Fund), Asia will grow to a large amount by 2015 and hence will then be comparable to the large economies like US and Europe in combination. Also by 2030, there will be large number of middle class and hence will contribute for more than 40 percent of the global output. This may exceed the size of G-7 economies in totality. In the coming years, Asia will be developing very much and hence would account for 43 percent of the World consumption in the...

Full article: http://www.focussingapore.com/blog/2012/02/asia-will-be-b...

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