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Southeast Asian finance ministers confident of stronger economic growt
Southeast Asian finance ministers say they're confident the region will achieve stronger economic growth this year based on projected recovery of the world economy, but cautioned that major risks remained.
In a joint statement after a two-day meeting in the Burmese capital, Rangoon, the ministers from the Association of South East Asian Nations forecast three-and-a-half to four precent real GDP growth for their region this year.
They said the global slowdown, worsened by the September 11 attacks on the United States, had caused growth in ASEAN to slow to two-point-eight percent in 2001.
The ministers said although the outlook for the Japanese economy remains uncertain, there are signs of a turnaround in the U.S. and some European economies in the first quarter.
07/04/2002 05:01:00 | ABC Radio Australia News
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