This is an image that I found in the IMF website which shows how the current global recession is influencing the Emerging Asian Countries. The emerging Asian countries are China, India, Hong Kong, Korea, Singapore, Taiwan, Indonesia, Malaysia, Philippines, Thailand and Vietnam.
For the project of GDP for 2009, it will continue to decline further from 2008. The main component of this decline is due to decreas in private consumption and gross fixed investment but also due to the decrease in exports.
As there has been significant decrease in the general demand for goods from overseas due to the current recession, Asian countries where export is a significant part of the component in increase in production has been significantly decrased.
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