S&P BULLISH ON `CHINDIA` ECONOMIES
Business Standard, April 8, 2008
China will lead Asia-Pacific sovereigns in economic growth in 2008, followed by India, Standard & Poor’s Ratings Services said today.
Though Japan is still the largest economy in the region, China’ growth could position the country as the biggest economy in Asia-Pacific and the second-largest globally within the next five years.
In a report published today titled “The Best and the Rest: The 2008 Asia-Pacific Sovereign League,” S&P’s highlights the key quantitative features and trends of its statistical forecasts for 2008 for the 22 rated sovereigns in the Asia-Pacific region.
“We also expect the Indian growth story to continue, with the country at number two in the regional league. In the global growth ranking, dominated by resource-rich nations benefiting from high commodity prices, China and India are still among the top 10 fastest-growing economies. Strong domestic demand is likely to support their economic performances even if demand from the US and Europe weakens,” it said.
Business Standard, April 8, 2008
China will lead Asia-Pacific sovereigns in economic growth in 2008, followed by India, Standard & Poor’s Ratings Services said today.
Though Japan is still the largest economy in the region, China’ growth could position the country as the biggest economy in Asia-Pacific and the second-largest globally within the next five years.
In a report published today titled “The Best and the Rest: The 2008 Asia-Pacific Sovereign League,” S&P’s highlights the key quantitative features and trends of its statistical forecasts for 2008 for the 22 rated sovereigns in the Asia-Pacific region.
“We also expect the Indian growth story to continue, with the country at number two in the regional league. In the global growth ranking, dominated by resource-rich nations benefiting from high commodity prices, China and India are still among the top 10 fastest-growing economies. Strong domestic demand is likely to support their economic performances even if demand from the US and Europe weakens,” it said.
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