Hopes for global economic recovery have swelled after the International Monetary Fund (IMF) raised 2009 growth expectations for Asia.
Releasing its latest revisions today, the IMF said it now expects Asia’s developing economies to grow by 5.5 per cent instead of the 4.8 per cent it had previously forecast. It said the speed of a sustained recovery is now dependent on this growth being mirrored in larger, developed economies but warned that the rebound…
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