ID :
84516
Wed, 10/14/2009 - 21:37
Auther :
Shortlink :
https://www.oananews.org//node/84516
The shortlink copeid
Asia to take center stage in future global economy: Bush
By Tony Chang
SEOUL, Oct. 14 (Yonhap) -- Asia will emerge as a "powerful" growth engine for the future world economy as its center shifts from the Atlantic to the Pacific, former U.S. President George W. Bush said Wednesday.
"Thanks to wise economic policies, South Korea has posted two consecutive
quarters of positive growth. China's growth remains strong. Singapore and Vietnam
posted strong economic growth in their recent quarterly report," Bush said in his
keynote speech at the World Knowledge Forum.
"The Asian economies are going to be powerful engines of growth for the future.
The U.S. and Europe are taking steps to get out of the economic difficulties that
we're in and we hope they work," he said.
A recent report from the International Monetary Fund suggested that emerging
Asian countries, in comparison to industrialized nations, will stage a swift
recovery from the worst global downturn in more than a decade.
The IMF predicted that South Korea's gross domestic product (GDP) will grow 4.5
percent in 2014, the third-highest among 33 major advanced countries reviewed by
the Washington-based lending organization.
The former president underscored that the center of the global economic stage has
shifted "from the Atlantic to the Pacific."
"That's one reason why the decision to broaden the (consulting) group from the
G-8 to the G-20 was an easy decision."
"It made imminent sense to make sure that China, South Korea, Indonesia and
Australia were at the table when the world leaders came to discuss how best to
resolve the economic crisis that we are in," Bush said.
odissy@yna.co.kr
(END)
SEOUL, Oct. 14 (Yonhap) -- Asia will emerge as a "powerful" growth engine for the future world economy as its center shifts from the Atlantic to the Pacific, former U.S. President George W. Bush said Wednesday.
"Thanks to wise economic policies, South Korea has posted two consecutive
quarters of positive growth. China's growth remains strong. Singapore and Vietnam
posted strong economic growth in their recent quarterly report," Bush said in his
keynote speech at the World Knowledge Forum.
"The Asian economies are going to be powerful engines of growth for the future.
The U.S. and Europe are taking steps to get out of the economic difficulties that
we're in and we hope they work," he said.
A recent report from the International Monetary Fund suggested that emerging
Asian countries, in comparison to industrialized nations, will stage a swift
recovery from the worst global downturn in more than a decade.
The IMF predicted that South Korea's gross domestic product (GDP) will grow 4.5
percent in 2014, the third-highest among 33 major advanced countries reviewed by
the Washington-based lending organization.
The former president underscored that the center of the global economic stage has
shifted "from the Atlantic to the Pacific."
"That's one reason why the decision to broaden the (consulting) group from the
G-8 to the G-20 was an easy decision."
"It made imminent sense to make sure that China, South Korea, Indonesia and
Australia were at the table when the world leaders came to discuss how best to
resolve the economic crisis that we are in," Bush said.
odissy@yna.co.kr
(END)
