Bangkok, Aug 10 (DPA) The world economic crisis is expected to shift more economic power to Asia, where signs of recovery are showing sooner than elsewhere, the World Trade Organisation's (WTO) chief economist predicted Monday.

'The crisis has changed the world,' Patrick Low, WTO chief economist, said at a press conference in Bangkok.

'I think it's going to shift the balance of relative power (to Asia), precisely because of the manner in which this region is recovering.'

The WTO economist acknowledged that the world financial crisis has not been as severe in Asia as anticipated, particularly in the region's largest economies such as China and India.

Even so, the trade organization's chief economist warned of several looming dangers to the region.

'There is a question of whether or not we're going to have a double dip because of the need to bring prices back in control if inflationary pressure picks up as a consequence of all the stimuli that have been exercised in the region,' Low said. 'We're not quite out of the woods yet.'

He said the WTO fears that the worst crisis since the 1930's Great Depression may significantly alter attitudes towards free trade.