Emerging Asia Economics

Emerging Asia Economics Update
05 December, 2008

Policy easing in India won’t prevent sharp slowdown

With the aftershocks from the Mumbai terror attacks adding to the downside risks to growth, further
rate cuts and a fiscal stimulus look imminent in India. But these measures are unlikely to ward off a
severe credit crunch. We expect GDP growth to slow to around 5% in 2009, well below the levels
seen in recent years....

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