IMF’s regional outlook shows Asia leading global recovery
Apr 30th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Asia is leading the global recovery and the region’s contribution to global growth will continue to exceed that of other regions in the next two years, the International Monetary Fund (IMF) said Thursday in its latest Regional Economic Outlook (REO) for Asia and the Pacific. The IMF revised upward its growth forecast for Asia to 7.1 per cent for 2010, 1¼ percentage points higher than projected in October 2009, and expects that growth to maintain the same pace in 2011.