Following are the Asian Development Bank’s (ADB) current estimates of annual inflation this year and in 2009 in emerging East Asian economies, compared with the bank’s forecasts in April.

The Manila-based agency includes Brunei, China, Cambodia, Hong Kong, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam in emerging East Asia.

(Percentage from previous year)

ADB’s inflation forecast ADB’s inflation forecast in June 2008 in April 2008

2008 2009 2008 2009

Cambodia - - 5.5 5.0

Indonesia 10.1 7.8 6.8 6.5

Laos - - 5.0 6.0

Malaysia 4.1 3.4 2.7 2.5

Philippines 7.2 5.3 4.0 3.6

Thailand 6.1 3.7 4.0 3.5

Vietnam 19.4 10.2 18.3 10.2

Hong Kong 4.7 4.3 3.4 2.8

South Korea 4.1 3.3 3.4 3.0

Singapore 5.8 3.3 5.0 3.3

Taiwan 3.3 2.7 2.3 1.6

China 7.0 5.0 5.5 5.0

____________________________________________________________

Emerging East

Asia 6.3 4.6 - -

Note:

- The ADB said it did not have current data for Brunei and Myanmar.

- There was no direct comparison for Emerging East Asia as a region with the forecasts made in April.

LINKS:

> Story on ADB forecasts……………………[ID:nMNB000239]

> Table of ADB’s growth forecasts……………..[ID:nSP83744]

Source: http://www.afxnews.com

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