Deutsche Bank Upbeat on Asia Growth

The German bank forecasts 8% growth and says consumption and investment will likely help the region successfully withstand the U.S. slowdown

Global economic growth will slow down to 4.3% in 2008 from 5.1% last year, with the moderation of growth mainly due to lower growth in the US, Europe and Japan, Chew Soon-Gek, Deutsche Bank's chief investment officer for Private Wealth Management in Asia, writes in a report.

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