Growth prospects improving for Southeast Asia in 2004.

0 Comments | M2 Presswire, September, 2003

M2 PRESSWIRE-30 September 2003-ADB: Growth prospects improving for Southeast Asia in 2004(C)1994-2003 M2 COMMUNICATIONS LTD RDATE:09302003 MANILA, PHILIPPINES - After an uneven performance in 2003, due mostly to global uncertainties and the outbreak of Severe Acute Respiratory Syndrome (SARS), Southeast Asia's growth prospects are set to improve from 3.9 this year to 4.9 in 2004.

This is forecast by the Asian Development Outlook 2003 Update (ADO Update) released today by the Asian Development Bank (ADB). The report is an update of the Asian Development Outlook 2003 (ADO 2003) that was issued in April. ADO is ADB's annual flagship economic publication analyzing and forecasting economic trends in the Asia-Pacific region. A buoyant recovery is projected in...