CCTV.com - CNTV English - CCTV News


Homepage > News > Biz >

Asia-Pacific region economic growth to reach 7.3% in 2011: UN report

05-06-2011 10:04 BJT

HANOI, May 5 (Xinhua) -- Economic growth in the Asia-Pacific region will reach 7.3 percent in 2011, lower than 8.8 percent in 2010, said an U.N. report released Thursday.

The Gross Domestic Production (GDP) in the East and Northeast Asia will expand by 7.9 percent this year, and the GDP growth for the North and Central Asia, the South and West-South Asia, and the Southeast Asia, will stand at 4.8 percent, 6.8 percent, and 5.5 percent, respectively, the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) said in the report issued at a press briefing here.

According to the report, countries with the fastest growth included China with 9.5 percent, India with 8.7 percent and Indonesia with 6.5 percent.

India and Indonesia will see strong economic growth thanks to huge consumption and big investment, while China will realize a high growth due to the government consumption spur.

The report warned that in 2011, most of the economies will fall into increasing inflation due to the increased prices of energy and food, which had severe impacts on the poor and vulnerable populations.

ESCAP estimated that in 2011 people living in poverty in the Asia-Pacific region will reach 42 million.

Further, ESCAP also called for protection for the poor and vulnerable families through expanding the public food supply chains, free coupons and providing meals at schools and other target allowances.

The ESCAP called on effective government policies to curb inflation.

 

 

 

Editor:Du Xiaodan |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program