Darkening US outlook will not undermine Asia

A forecast for the year ahead, and how oil prices and the US economy will affect Asia.

The continued rise of international oil prices and depreciation of the dollar will push economic growth in the US down to about 2.5% in 2005. These factors will have little impact on economic growth in the EU, where GDP growth is expected to accelerate modestly. Stronger economic fundamentals in the EU will support continued impressive economic growth in non-Japan Asia.

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