MANILA, Philippines (AP) - The Asia-Pacific region will continue to post Robust economic
growth this year and next while the rest of the world crawls out of a slump, the
Asian Development Bank said in a report released Friday.
"Despite a number of uncertainties, the world economy is expected to register
marginal improvement in 1993 with further acceleration in 1994," the bank report
The report, "Asian Development outlook 1993," said gross national product
is projected to grow by 1.5 percent in 1993, and rise to 3.5 percent next year.
But the higher growth rate in 1994 "will be insufficient to reduce high unemploment
rates and excess capacity in many economies," the report said.