Thursday, May 7, 2009

IMF sees shaky recovery for most Asian economies

IMF sees shaky recovery for most Asian economies

Asia's economies, excluding China and India, are expected to decline 2.9% this year and expand 1.6% next year, the International Monetary Fund said. When China and India are put back into the equation, the figures come to a 1.3% expansion this year and 4.3% growth in 2010. The IMF is encouraging Asian policymakers to continue their stimulus programs into next year.

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