At the same time, Asia is expected to grow by 2.75 percent this year and by 5.75 percent in 2010. "Strikingly, the three fastest growing economies in the G-20 are all from Asia - China, India and Indonesia - with China projected to grow 8.5 percent, India 5.5 percent and Indonesia 4 percent this year" Lipsky said. Some Asian countries - particularly advanced and export-dependent economies that have experienced a relatively large cyclical weakening of their fiscal positions - are planning to withdraw fiscal stimulus over the course of 2010 in response to the signs of recovery, he said.
Full Article at New Kerala