IMF: Asia Requires Structural Reforms to Reduce VulnerabilitiesTuesday, April 29, 2014 > 08:43:18
The International Monetary Fund on Monday said pushing ahead with structural reforms will be critical to reduce vulnerabilities and sustain Asia's growth momentum.
In the Regional Economic Outlook for Asia and Pacific, the IMF said the reform agenda varies considerably across economies in the region, but in all cases vigorous implementation will be important.
The lender observed that Asia is facing various risks emanating from within the region. Growth in China and Japan could also fall below expectations, with negative spillovers for the rest of the region, IMF noted.
Nonetheless, the IMF said the region will continue to be among the global growth leaders. It projected 5.5% growth in 2014-2015.