Stable outlook for emerging Asian economies: OECD
They'll grow in next 3 to 4 years, but need to manage external, domestic risks
Tokyo
EMERGING Asian economies, led by China and India, should continue to enjoy "healthy" growth over the next three to four years, outpacing what is expected to remain "subdued" growth in the advanced economies, said the Organisation for Economic Cooperation and Development (OECD) on Thursday.
While generally upbeat about Asia's prospects, the Paris-based body said, however, that emerging Asia has had mixed success in building the institutions on which markets rely - such as the rule of law and the enforcement of contracts, tax and regulatory demands.
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