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Asia's economies have largely shrugged off the impact of SARS and are on course to post stronger growth next year, but investment is set to remain subdued due to a rash of upcoming elections and some structural obstacles, the Asia Development Bank (ADB) said yesterday.
MALAYSIA will grow faster next year than the 4.5% expected this year, said Second Finance Minister Datuk Dr Jamaludin Jarjis. This is in view of the more optimistic gross domestic product (GDP) growth outlook for the Asian region this year of between 4.3% and 4.9% by the Asian Development Bank (ADB), which exceeded original projections.
ASIAN countries should fight the fear caused by severe acute respiratory syndrome (SARS), which could bring negative impact to economic development, experts said in Beijing on Tuesday at a forum called 'SARS and Asia's Economy - Impacts and Policy Recommendations.'