Asia Nations Record 6% Economic Growth
- Share via
BANGKOK, Thailand — The developing countries of Asia chalked up healthy economic growth of 6% in 1987, but the figure is likely to drop in 1988 due to recessionary trends, a U.N. report said Monday.
“The developing countries of the Asian-Pacific region achieved enviable growth in 1987 despite growing uncertainties in the global economy and the costly effects of unfavorable weather in many countries,” said a year-end report issued by the U.N. Economic and Social Commission for Asia and the Pacific.
The report by the Bangkok-based commission said the high growth, an average 6%, was due mainly to economic expansion in China and a handful of newly industrializing countries.
China with 9.5% growth in gross domestic product, Korea with 12.1%, Taiwan with 11% and Hong Kong with 12.1% led the region.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
