Deutsche Bank forecasts global growth at 4.3%, Asia at 8%

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.Chew expects the US economy to avoid a recession, as strength in the US export sector partially mitigates some of the effects of the US housing downturn. Asia is expected to grow by 8% in 2008, supported by conti…