IMF cuts growth forecast for Asia
18:59, 13 October 2011
LONDON. October 13. KAZINFORM The IMF said risks for Asia were "decidedly tilted to the downside" because of these concerns over its two major export zones; Kazinform refers to BBC.
It said gross domestic product (GDP) growth across Asia would average 6.3% in 2011, and 6.7% in 2012.
In April, it had predicted close to 7% growth in both years.
The body warned about a risk of capital outflows from the region, and the possibility that oversees investors may reverse the large positions they have built in Asian markets since 2009; Kazinform cites BBC.
To learn more go to www.bbc.co.uk