May 2, 2011

Asia: Robust Growth, But Inflation Causing Concern

After reaching a rate of 8.3 percent in 2010, GDP growth in Asia is projected to average nearly 7 percent in both 2011 and 2012, according to the IMF.

Although the earthquake in Japan in mid-March caused terrible loss of life and property, the government’s response helped to contain the economic impact, and spillovers to the rest of Asia through the supply chain should be limited.

But in its regular report on the economic outlook of the Asia and Pacific region, the IMF warns that Asia’s rapid recovery from the global economic crisis has been accompanied by pockets of overheating across the region. Read more......

Source: IMF

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