World News

IMF: Asia Will Lead Global Economic Recovery in 2013

The International Monetary Fund says the overall Asian economy will lead the global economic recovery in 2013.

In its latest economic outlook , the IMF predicts Asia will grow 5.7 percent this year, largely driven by continued robust domestic demand and low rates of unemployment.

The fund says demand from China and Japanese stimulus policies should provide a boost for the region. But, it says an unexpected slowdown in China and less than ideal results from Japan's stimulus policies could put the expected recovery at risk, as well as trade disruptions from a natural disaster or geopolitical tensions.

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