Timor-Leste

Resource-Rich Economies Lift Pacific's Performance - ADB Report

Submitted by: Beth | Date: 29 Jun 2011 | Source: http://beta.adb.org...

MANILA, PHILIPPINES - The recovery in the global economy will help the Pacific economies improve in 2011. The strongest gains are expected in the resource-rich countries that are benefiting from both major new resource projects and better world commodity prices, says the Asian Development Bank's (ADB) Pacific Economic Monitor. The report, released today, projects that the 14 economies of the Pacific will expand by 6.3% in 2011, up from 5.3% last year. The resource-rich Papua New Guinea (...

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