Sunday 25 April 2010


INDIA, CHINA TO POST HIGH GROWTH AS ASIA LEADS RECOVERY

The Economic Times, 25 Apr 2010

WASHINGTON: India and China will maintain high growth rates this year and Asia will continue to lead the global recovery despite challenges of inflation and excessive capital flows, IMF officials say.

India and China will grow at the rates of 8.8 and 10 percent respectively.

"By the end of 2009, output in most of Asia returned to pre-crisis levels even in those economies that were hit hardest by the crisis. After the deepest recession in recent history globally, we know that Asia is leading this global recovery," Anoop Singh, International Monetary Fund's Director of the Asia and Pacific Department, told reporters Saturday. "

In fact, activity in Asia has rebounded fairly swiftly over the past year and in the first quarter of 2010."

While the pattern of recovery has varied in Asia, "both the more domestically-oriented economies such as China, India and Indonesia as well as the more export-oriented economies are experiencing strong upturns," Singh added.

Asked if rising inflation in South Asia will pose a serious threat to the region's recovery, Singh said it is not surprising that inflation has begun to turn up as output gaps in much of Asia have begun to narrow.

(...) [artículo aquí]

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