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The Conference Board Leading Economic Index™ (LEI) for Japan decreased 5.4 percent and The Conference Board Coincident Economic Index™ (CEI) decreased 1.9 percent in February.
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Greater China M&A figures are down 74% from the previous quarter - hitting their lowest level in 4 years, according to mergermarket, the independent M&A intelligence provider.
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As countries in the East Asia and Pacific region prepare themselves for an expected surge in joblessness resulting from the global slowdown, a ray of hope may be emerging with signs of China’s economy bottoming out by mid-2009, says the World Bank's latest half-yearly assessment of the region's economic health.
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China's economy will shake off the effects of the world economic downturn and return to a booming and vibrant state by 2010, a survey presented to one hundred multinational and Chinese company senior executives at The Marketing Group of China's (MGOC) second event in Shanghai.
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Economic expansion in the People's Republic of China (PRC) will slow to 7% in 2009, but decisive action by the government to support faltering growth through expansionary fiscal and monetary policies should allow the economy to recover to 8% in 2010, says the Asian Development Bank (ADB) in a major new report.
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India's economic growth will slow to 5% in 2009, down from 7.1% in 2008, but should speed up next year as the global economy recovers and lower local interest rates spur private investment and manufacturing, the Asian Development Bank (ADB) says in a new major report.
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Developing Asia should rebalance growth to endure the global crisis and boost its resilience to large external shocks in the long run. The Asian Development Outlook 2009 (ADO 2009)says that the ongoing global financial and economic crises have underlined the risks of growth that is excessively dependent on external demand.
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Developing Asia's economic growth will slow in 2009 to its most sluggish pace since the 1997/1998 Asian financial crisis, the Asian Development Bank (ADB) says in a new major report.
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Almost 10% of SMBs (small and medium businesses with up to 999 employees) in India are planning to hire additional staff, according to a recent study by New York-based Access Markets International (AMI) Partners. "The hiring growth of 10% is substantially less than the previous year’s 50%," says Kalyan Banga, Research Analyst at AMI-Partners. "However, it is still quite significant considering the global market’s current slowdown."
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From January to February, the profits of industrial enterprises above designated size (enterprises with an annual sales over 5 million yuan, same as follows) reached 219.1 billion yuan, decreased by 37.3 percent over the same period of the previous year.
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