Country risk March 2003: Asian recovery belies slack global growth

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| Economic projections

GDP GROWTH IN east Asia exceeded expectations in 2002, averaging about 6.1%. “There are real signs of recovery in the region since the Asian financial crisis,” says Linda Yueh, lecturer in economics at the London School of Economics. “Net private lending to the affected countries is positive for the first time since 1997. Excluding China (56) from the region’s calculations reduces the region’s rate of growth to closer to 5% for the past year.