Calyon's 2005 crystal ball

French bank releases Asian forecast for 2005.

The unfolding year for Asian economies will fail to replicate the dynamo 2004, suggests Calyon in its, Asia Economic and Credit Strategy Report 2005. But it says the decline in GDP numbers will not be too significant to warrant whispers of a sizable regional decline.

According the recently released report, Calyon believes cumulative Asian GDP will decelerate mildly in 2005, collectively growing 6.8% in 2005 versus the estimated 7.5% witnessed in 2004. The slight drop in regional GDP growth will move in line with its global expectations, which the French investment bank says will drop 4.7% in 2004 to around 4.0% at the conclusion of 2005.

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