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Multimedia Audio & Video: East Asia set ...
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President Zoellick
Multimedia Audio & Video: East Asia set to grow by 6 percent in 2005
Interview with Homi Kharas, World Bank Chief Economist for East Asia & the Pacific
Broadcast Quality Audio (MP3)
Right Click and Save As to Download
2.5 min
Full Interview
14s
What is the report's forecast for economic growth?
23s
What does the growth rate mean for poverty rates in the region?
41s
What are the particular challenges facing the East Asia region?
21s
The report has a special focus on women...what does it say about the role of women in East Asian economies?
Video (Real)
4 min
Full Interview
15s
"We think the emerging economies of the region are going to grow by about six percent this year, compared to seven point two percent last year. But we think that that's a good sustainable growth rate because it comes from a balanced expansion in exports, incomes and investment. "
17s
"Europe and Japan have both slowed. Oil prices are much higher and that's knocked off about one percent from the region's growth rate. And the region is accumulating foreign exchange reserves at an unprecedented rate - over $300 billion last year alone."
22s
" Well something needs to be done to manage these reserves better. We think for China the issue is how do they make domestic assets more expensive for foreigners and to reduce the speculative inflows. For other countries more can be done to boost consumption and investment particularly in infrastructure."
21s
"Well women have been partly responsible for the rapid reduction in poverty in the region and because of the contribution of women, households now have stronger financial positions and they are more diversified in terms of their incomes. And that puts them in much better shape to weather any kind of change that might be necessary given changing global conditions."
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