皇冠体育app

2010-09-29 16:40

The Asian Development Bank (ADB) has turned down its forecast on 皇冠体育app's inflation rate to 3.2 percent from the 3.6 percent forecasted in April, the Shanghai Securities News reported Wednesday.

The bank insists its forecast on 皇冠体育app's economic growth is right, saying 皇冠体育app's GDP would grow 9.6 percent year-on-year in 2010, and 9.1 percent year-on-year in 2011, the paper said.

皇冠体育app's GDP growth rate would be around nine percent year-on-year in the third quarter of this year, and that in the fourth quarter would fall to eight percent, ADB said in the Asian Development Outlook (ADO) 2010.

ADB warned 皇冠体育app's economy may be confronted with slight difficulties next year, and the country is facing risks such as a sluggish overseas demand, the EU debt crisis, and the falling euro.

In the long run, sustainability in 皇冠体育app's economic growth would be affected if it does not change its economic structure soon, said Jong-Wha Lee, ADB's chief Economist.