E-mail: Asia at the Crossroad

After decades of rapid growth, Asia is entering a new phase of moderate growth. Both the World Bank and Asian Development Bank (ADB) have scaled back their forecasts for the region to factor in the moderate growth in China and India. ADB has also emphasized that Asia has to adapt to this new growth environment. The region needs a new growth model – one that is less reliant on export, promotes balanced growth and is driven by productivity and efficiency.

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