Tehran: Asia-Pacific developing countries will continue driving the global economy in 2011, however high food and fuel prices, and volatile capital inflows pose fresh challenges, the United Nations said in its annual regional social and economic report released on Thursday.
Strong growth is projected at 7.3 per cent against last year's 8.8 per cent pulling developing countries out of the "Great Recession" of 2008/09.
Still, the 2011 regional growth outlook is subject to downside risks, notably from the return of high food and fuel prices, sluggish recovery in rich nations, a deluge of volatile capital inflows and the after-effects of natural disasters, although the regional economic impact of Japan's recent earthquake and tsunami will be less severe than might have been initially expected, notes the UN Economic and Social Commission for Asia and the Pacific (ESCAP) flagship publication, the Economic and Social Survey of Asia and the Pacific 2011.
Source: PTI
