Wed, Oct 10, 2012 - Page 15 News List

IMF slashes growth forecast for Asia

STICKING TOGETHER:An IMF report said that as a consequence of the deepening of linkages in the region, China’s slowing growth has affected other Asian nations

AFP, HONG KONG

The report said only the Philippines and Thailand would see improvement this year compared with last year, with the latter boosted by reconstruction and investment after devastating floods hit the country’s north.

However, overall the five would enjoy growth of 5.4 percent this year and 5.8 percent next year. Last year saw growth of 4.5 percent.

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