Practically No Growth in Asia

Marc Faber : well, it depends how you measure it, but in real terms if you look at export figures, industrial production in various countries and it continues on, then I would say there is practically no growth. now if someone comes and argues Asia's growing at 2 to 3% or someone else says, no, it's contracting at 2 to 3%, to measure GDP is not all that relevant. all i can tell you is there has been a very meaningful slowdown and i think it will continue to slow down. - in CNBC The Call 06 Sept 2012
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