IMF

IMF says Asia less vulnerable to shocks in global market

In light of the ongoing sub-prime mortgage crisis in the United States, major global agencies have relooked their forecasts for this year. According to the latest World Economic Report, the International Monetary Fund (IMF) is predicting a 3.7 percent growth in the global economy this year - down from a 4.9 percent expansion in 2007. The IMF has also downgraded its growth projections for Singapore by...

Global recession: Are Asians ready for a storm?

Riding it out involves open and frank cooperation AMERICA'S unfolding financial woes continue to surprise. The impact on Asia has been limited thus far, and some think that Asia's rise is irresistible. But connections in finance, trade and investment can still bring the storm to Asia. Indeed, regional bourses and currencies have already felt shocks. After all, Asia's boom has coincided and benefited...

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