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Asia to play key role in boosting global economic growth
Bangkok, Nov 14: Governors of central banks around the world shared the view that the economic growth of Asia would play a key role in boosting the global economic expansion, according to the Bank of Thailand`s governor M.R. Pridiyathorn Devakula.
Bangkok, Nov 14: Governors of central banks around the world shared the view that the economic growth of Asia would play a key role in boosting the global economic expansion, according to the Bank of Thailand's governor M.R. Pridiyathorn Devakula.
Speaking at the meeting of central bank governors of members of the Bank for International Settlement (BIS) being held here, he said Asia had been currently recognized as a core of the global economy.
Economic leaders in every corner of the world were keeping a close watch on the economic growth of the region.
Members of BIS were all upbeat about the Asian economy.
"Everyone sees Asian countries as the same block, and views the regional economic growth results from internal strength, and will play a leading role in driving the global economy ahead," said M.R. Pridiyathorn.
European Central Bank president Jean-Claude Trichet, chairman of the group of 10 industrialized countries, said central banks governors from every country shared their views that their economies had expanded satisfactorily in the third quarter of this year.
It signaled the global economy was on the path of recovery and was likely to continue to expand next year.
He said the meeting admired the remarkable growth of Asian economy since it resulted from intra-expansion of countries in the region. Bureau Report
Economic leaders in every corner of the world were keeping a close watch on the economic growth of the region.
Members of BIS were all upbeat about the Asian economy.
"Everyone sees Asian countries as the same block, and views the regional economic growth results from internal strength, and will play a leading role in driving the global economy ahead," said M.R. Pridiyathorn.
European Central Bank president Jean-Claude Trichet, chairman of the group of 10 industrialized countries, said central banks governors from every country shared their views that their economies had expanded satisfactorily in the third quarter of this year.
It signaled the global economy was on the path of recovery and was likely to continue to expand next year.
He said the meeting admired the remarkable growth of Asian economy since it resulted from intra-expansion of countries in the region. Bureau Report