China, India set for slower growth as inflation looms
FRANCE: China and India are set for slower but robust economic growth
this year although sharply higher inflation looms as a key threat amid
soaring global food and oil prices, the OECD said Wednesday.
China will grow 10 percent against 11.9 percent in 2007 as exports
slip amid a world slowdown and anaemic US expansion, the Organisation
for Economic Cooperation and Development (OECD) forecast in its biannual
India's expansion will fall to 7.8 percent in 2008 from 8.7 percent
the previous year, partly due to higher interest rates, said the report
from the grouping of 30 industrialised nations, which does not include
the two Asian giants. "Growth in the emerging markets, while moderating,
remains strong, especially in China," the report said.
Paris, Wednesday, AFP