East Asian Economy to Experience Slow-Down
IHT reports (from Bloomberg) that the World Bank is predicting an economic slowdown in East Asia.
The East Asia region excludes Japan and India, and sees China's slowing of its own economy, higher oil prices, and lessened demand for electronics and consumer products as the main causes. The IMF and ADB (Asian Development Bank) both cut predictions for growth by about 0.3%.
Slowed down economic growth can impact government revenues for education, as well as re-prioritize economic goals over other goals (such as education). It may also affect the status of investment indicators into these countries. Overall, not great news, but not decidedly bad news for the pursuing of EFA goals in the region.
The East Asia region excludes Japan and India, and sees China's slowing of its own economy, higher oil prices, and lessened demand for electronics and consumer products as the main causes. The IMF and ADB (Asian Development Bank) both cut predictions for growth by about 0.3%.
Slowed down economic growth can impact government revenues for education, as well as re-prioritize economic goals over other goals (such as education). It may also affect the status of investment indicators into these countries. Overall, not great news, but not decidedly bad news for the pursuing of EFA goals in the region.
posted by paul at
2:55 AM
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