13 July 2001, 11:25 Morgan Stanley cuts non-Japan Asia 2001 GDP forecast to 5.0 pct
HONG KONG (AFX-ASIA) - Morgan Stanley Dean Witter said it has cut
its forecast on non-Japan Asia's GDP growth to 5.0 pct in 2001 as
regional economic development remains in a quagmire, chief economist
Stephen Roach said.
"We have sliced about half a percentage point off our non-Japan
Asia's growth estimates to 5.0 pct and 6.0 pct for 2001 and 2002,
respectively," Roach said.
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