Saturday, February 9, 2008

Double threat to Asia ( Click Here)

(, Agencies)

Tokyo - Asian Development Bank chief Haruhiko Kuroda has warned that Asia will be affected by the US economic slowdown - but growing inflation is an even bigger threat.

Asia is resilient, but cannot escape fallout from the US housing market turmoil he said, on the eve of a meeting of Group of Seven (G7) finance ministers in Tokyo.

Kuroda said Southeast and East Asian economies including Japan and China could implement fiscal stimulus plans if global growth cools, but said it was not necessary for the moment.

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