Date
13 December 2017
Asia will remain as a source of global growth, provided it continues on the path of reform, the IMF says. Photo: Xinhua
Asia will remain as a source of global growth, provided it continues on the path of reform, the IMF says. Photo: Xinhua

IMF forecasts 5.4% Asia growth for 2014, Xinhua says

Asia will see steady growth of 5.4 percent this year and 5.5 percent in 2015, Xinhua news agency reported Monday, citing the International Monetary Fund.

External demand is expected to pick up, along with economic recovery in the West, and domestic consumption should remain solid across Asia, the IMF said in a report on Asia-Pacific economic outlook.

The region will continue to be a source of dynamic growth, provided it continues with reform, it said. 

However, it warned that Asia will face higher interest rates, potential capital outflows and asset price volatility from tightening global liquidity.

– Contact HKEJ at [email protected]

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