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Emerging markets drive global recovery: ASEAN official

English.news.cn   2010-07-28 14:58:37 FeedbackPrintRSS

by Cundoko Aprilianto and Li Xiaoyu

JAKARTA, July 28 (Xinhua) -- Emerging markets are driving global recovery with strong economic performance supported by their evolution from export-oriented growth to more domestic demand-driven growth, an Indonesian official told Xinhua in an exclusive interview recently.

"Clearly, global recovery is driven by the emerging markets. Other big emerging economies have also shown resilience against the global crisis and will recover quite strongly in 2010 and beyond," said Sundram Pushpanathan, deputy ASEAN secretary-general for ASEAN Economic Community.

He said that this year, China is expected to grow at 9.6 percent, while Brazil and Russia are poised to show positive growth this year after experiencing slight negative growth last year.

He added that India, just like China, has been quite strong with a 5.7 percent growth last year.

Meanwhile, he said, ASEAN's performance has been quite robust, with slight negative growth during the first two quarters of 2009, but has rebounded strongly afterwards.

ASEAN is expected to recover to 5.6 percent this year.

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Editor: Xiong Tong
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