By Anoop Singh
I am in China this week to present our new Asia-Pacific Regional Economic Outlook in Shanghai. I remain as impressed as ever by China’s energy and vibrant growth, an impression that is reinforced every time I return to this country.
China is of course an important part of Asia. And Asia is now a key driver of the global recovery. Indeed, as the world climbs out of its deepest recession in over half a century, it is Asia that is leading the recovery. While growth in the advanced world is being held back for now by unemployment and weak household and bank balance sheets, in the emerging world – and particularly Asia – it is rebounding strongly.
Filed under: Asia, Economic Crisis, Economic research, Emerging Markets, IMF | Tagged: capital flows, China, commodity exporters, credit quality, domestic demand, exchange rates inflation, exports, global recession, India, Japan | Leave a Comment »