Key Issues for Asia’s Growth

THE overall global context of Asia＇s economic growth in 20a3 remains negative, particularly in developed economies. At the end of last year Japan＇s GDP was 1.7 percent below its maxi- mmn prior to the international financial crisis, while GDP in the European Union was 9.1 percent below. U.S. GDP growth is ane- mic, having reached only 2.5 percent above its last peak five years ago. Some of the pre- viously dynamic BRICS economies are also encountering problems - India＇s annual GDP growth has fallen to 4.5 percent and Brazil＇s to 1.4 percent. World commodity prices,

Key Issues for Asia＇s Growth