Asia’s economy is no longer hot, it’s scorching, a shift that will force policy makers in the region to be more aggressive in efforts to contain inflation.
Singapore’s monetary authority increased the value of the island nation’s currency yesterday after a government report showed gross domestic product expanded at a gravity-defying annual pace of 32.1 per [...]
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IMF’s Regional Outlook Shows Asia Leading Global Recovery
Asia is leading the global recovery and the region’s contribution to global growth will continue to exceed that of other regions in the next two years, the International Monetary Fund (IMF) said today in its latest Regional Economic Outlook (REO) for Asia and the Pacific. The IMF revised upward its growth forecast for Asia to [...]