Economic Buzz: IMF says Asia-Pacific region remains resilient, would remain engine of global economy
Mumbai, Oct. 15 -- International Monetary Fund or IMF has stated in a latest blog post that the Asia-Pacific region remains resilient despite the energy shock and the tariffs and trade restrictions that disrupted supply chains last year. The resilience is notable for a region that has a high intensity of energy use and large dependence on imported fuel supplies, especially from the Middle East. IMF noted that it has upgraded regional growth projection for this year to 4.8 percent, from 4.4 percent six months ago, while raising the forecast for next year to 4.4 percent, from 4.2 percent. The largest upgrades are for India, Korea, and parts of Southeast Asia that are benefiting from strong demand along the tech supply chain. Although Asia's o...
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