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ECONOMIC TRENDS & PROSPECTS IN DEVELOPING ASIA
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TITLE : ECONOMIC TRENDS & PROSPECTS IN DEVELOPING ASIA RESEARCHER : JENNIFER V. SANTIAGO METHODOLOGY : Research on internet sites: World Bank, ADB, Developing Asia Economic reviews, ASEAN comparative study, World Development. Quotes and notes from various Economists. Overview of Economic Trends and Prospects The world economy and developing Asia began 2002 quite strongly as the recovery from the slowdown of 2001 continued, though as the year advanced the pace of growth in industrial countries slowed and became more uneven. The United States (US) economy showed strong growth in the first and third quarters of 2002, but weaker performance toward the end of the year kept overall recovery below expectations. Economies in the euro area performed poorly in comparison with estimates made at the beginning of the year. In Japan, despite stronger than expected gross domestic product (GDP) growth in the second half, the economy expanded only slightly over the course of the year. In contrast, in...
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