Asia must act to maintain growth momentum: IMF

Growth in Asia-Pacific has slowed as debt crises in advanced economies have spread and there are “clear downside risks” ahead, warned Anoop Singh at the annual IMF-World Bank summit in Tokyo. Presenting an economic outlook at the event last Friday, the IMF’s director for Asia and Pacific noted that growth for the region was expected to expand at just over two percentage points faster than the world average next year (with countries dependent on exports to the eurozone most vulnera…