East Asia, excluding Japan, is on track to double its economic growth rate next year from 2009 levels, the Asian Development Bank said yesterday.
The bank forecast a 3 per cent expansion in the regional economy this year and 6 per cent in 2010.
“This [year] will be the worst year since the [1997-8] Asian financial crisis, but I see a V-shaped recovery. We are bottoming out.
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