Economies of Asia-Pacific continue to grow

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2012 Survey cover

The economies of countries in Asia and the Pacific region will continue to grow though they will slow down in 2012, according to a report released on Thursday.

The Economic and Social Survey for Asia and the Pacific says a major concern for the region is the volatility and long-term rise of commodity prices.

The report is issued each year by the Economic and Social Commission for Asia and the Pacific.

Amr Nour is the Director of the New York Office of Regional Commissions.

"Although it's going to be a little bit on a downturn compared to 2011 they are projecting an economic growth of 6.5 per cent as opposed to 7 per cent in 2011, but it's not such a dramatic downturn because, after all, the region will continue be really the economic growth pole for the global economy and it is continuing to be the fastest growing economies in the world."

Duration: 24"

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