Arab Today, arab today imf asia to remain global economic growth leader
Last Updated : GMT 06:58:42
Arab Today, arab today
Arab Today, arab today

IMF: Asia to remain global economic growth leader

Arab Today, arab today

Arab Today, arab today IMF: Asia to remain global economic growth leader

Washington - XINHUA

Asia is expected to remain the world\'s economic growth leader, with an overall growth of around 5. 3 percent for 2014, the International Monetary Fund (IMF) said Friday. \"In our view Asia will remain the global growth leader,\" Anoop Singh, director of the IMF\'s Asia and Pacific department, told reporters Friday. Overall, \"we are essentially optimistic,\" he said, despite what he billed a complex global economic environment. Emerging Asia is projected to grow at around 6.3 percent and 6. 5 percent in 2013 and 2014, according to the IMF\'s October 2013 Asia and Pacific Economic Outlook released Friday. Growth prospects are weaker throughout emerging Asia, as sagging demand from advanced economies and a slowdown in China slowed industrial activity throughout much of emerging Asia. Despite robust labor markets and generally supportive financial conditions, domestic demand has also softened, the report found. Tighter external funding conditions and homegrown structural impediments in a few countries will weigh on growth in emerging Asia, but advanced economies will see stronger growth and domestic demand will remain \"robust...underpinned by still rather favorable financial conditions and resilient labor markets,\" the report said. Growth in China is projected to decelerate to 7.6 percent in 2013 and 7.3 percent in 2014 as structural forces move China steadily onto a lower growth plane, the report said. Still, inflation will remain in check, due to excess capacity in a number of industries and stable food prices, the report said. Japan\'s growth upswing has been a bright spot in the region as the so-called Abenomics program -- a stimulus package meant to rev up the country\'s economic engines -- has reignited the economy and is starting to lift the country out of chronic deflation. Financial conditions have eased markedly as a result of the exchange rate depreciation and the asset price rally triggered by quantitative and qualitative monetary easing, noted the IMF. Inflation and inflation expectations have increased, albeit remaining well below the Bank of Japan\'s target of 2 percent. Growth in Japan is likely to reach 3.5 percent year on year in the fourth quarter of 2013, driven by robust domestic demand and a better export picture supported by a weaker yen and recovering industrial country demand, the IMF said. Looking forward, growth is forecast to decelerate to 1.2 percent in 2014, owing to waning reconstruction spending, and the planned consumption tax increase, with the latter temporarily raising headline inflation to 2.9 percent. A new fiscal stimulus will be announced in December and poses an upside risk to the growth forecast, the IMF said. In India, the fallout from recent financial stress has likely contributed to greater vulnerability of corporate and bank balance sheets and a further downward revision of growth forecasts, which were already very low in historical context. This reflects persistent supply constraints and slow progress on structural reforms. Despite weak demand, however, food prices will likely keep headline inflation close to double digits, the IMF said. In Indonesia, growth is expected to slow given tighter financing conditions and weakening investment, before some stabilization next year. In most other ASEAN (Association of Southwest Asian Nations) economies, growth should pick up somewhat. External demand will improve while domestic demand is likely to prove resilient to tighter domestic financial conditions, partly reflecting stronger public infrastructure spending, the report said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf asia to remain global economic growth leader Arab Today, arab today imf asia to remain global economic growth leader

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Kalam Nawaem made a difference in social issues

GMT 06:43 2017 Tuesday ,28 February

Kalam Nawaem made a difference in social issues

GMT 05:34 2017 Monday ,27 February

Brexit sows seeds of doubt for British farmers

GMT 06:38 2017 Sunday ,26 February

US rig count increases

GMT 06:01 2017 Sunday ,26 February

BRIC funds see inflows amid emerging equity boom

GMT 05:43 2017 Sunday ,26 February

Al-Gergawi quits Dubai Holding to focus on govt role

GMT 05:14 2017 Sunday ,26 February

Oil prices to average $50-$70 through 2022

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner

GMT 05:53 2017 Saturday ,25 February

Global sovereign debt to hit new all-time high
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Aspires present the story of Egypt’s first president

GMT 06:18 2017 Sunday ,26 February

Aspires present the story of Egypt’s first president
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:28 2017 Tuesday ,28 February

Dumbphones survive rise of the smartphone

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday