7 May 2015
IMF: Asia to lead growth in 2015 despite China slowdown – MP
FXStreet (Barcelona) - Stuart McPhee, Currency Technical Analyst at MarketPulse, shares that IMF’s recent report states that the Asian economies will lead world growth in 2015.
Key Quotes
“Asian economies will lead world growth in 2015, expanding at a 5.6 percent pace that is level with last year, as recoveries in India and Japan help to offset the slowdown in China, the IMF said in a report Thursday.”
“IMF economists expressed concern, however, over the potential for weaker growth if policy makers in the region fail to follow through with needed changes, saying it was a time not for “alarm but it is a time for alert”.”
“The IMF’s regional economic outlook forecasts that growth in the Asia-Pacific area will moderate to 5.5 percent in 2016."
“Asian growth fell to 5.5 percent in 2014 from 5.9 percent in 2013, and is bound to shift lower as China’s economy, the world’s second largest, settles at a more sustainable level than the torrid double-digit pace of the past decade.”
Key Quotes
“Asian economies will lead world growth in 2015, expanding at a 5.6 percent pace that is level with last year, as recoveries in India and Japan help to offset the slowdown in China, the IMF said in a report Thursday.”
“IMF economists expressed concern, however, over the potential for weaker growth if policy makers in the region fail to follow through with needed changes, saying it was a time not for “alarm but it is a time for alert”.”
“The IMF’s regional economic outlook forecasts that growth in the Asia-Pacific area will moderate to 5.5 percent in 2016."
“Asian growth fell to 5.5 percent in 2014 from 5.9 percent in 2013, and is bound to shift lower as China’s economy, the world’s second largest, settles at a more sustainable level than the torrid double-digit pace of the past decade.”