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Focus on Asian economic resilience

06-14-2011 15:02 BJT

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The World Economic Forum on East Asia has ended with agreement among participants to reach inclusiveness and sustainability for global recovery. Participants say they're seeing a global economic slowdown as the recovery hits a soft patch. The recent earthquake in Japan and unrest in the Middle East are adding to the uncertainties.

The World Economic Forum on East Asia convenes more than 600 business leaders to explore the future development path of Asian economies. They will also look at how recent events in Japan, and the middle east impact future growth.

The world economy is forecast to slowdown this year, with economic growth expected to see a deceleration in the US and Euro zone. The US deficit issue and EU debt crisis are likely to hit export-driven Asian economies.

Participants say sustaining Asia's development should increase regional connectivity, boost domestic demand, promote employment and education, and develop resilience to future financial shocks.

 

Editor:Liu Fang |Source: CNTV.CN

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