05 May '11, 7pm

Asia driving world economic growth: UN

Asia driving world economic growth: UN

UNITED NATIONS: The countries of the Asia and Pacific region are expanding at a blistering 7.3 percent annual rate, and have been key in helping keep the struggling world economy afloat, a UN report released on Thursday said. "The Asia-Pacific region emerged from the global financial crisis as a growth driver and anchor of stability of the global economy," said the UN's Noeleen Heyzer, as she released the report by the Economic and Social Commission for Asia and the Pacific (ESCAP). "It now has the historic opportunity to re-balance its economic structure in favour of itself to sustain its dynamism with strengthened connectivity and balanced regional development and make the 21st century a truly Asia-Pacific century," said Heyzer, ESCAP's executive secretary, at a press conference. She said the economies of Asia last year grew by an even brisker 8.8 percent, and that the s...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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