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.

FEATURED STORY

Relatives cry as the bodies of their family members, who died in Saturday's earthquake, are prepared for cremation along a river in Kathmandu, Nepal, April 28, 2015.

Multimedia Quake Overwhelms Nepal

update VOA's Steve Herman describes the scene in Kathmandu, where quake survivors persevere despite death toll, which now exceeds 4,300 More

United Nations
Steve Herman
Steve Herman
UNOCHA
United Nations
United Nations
United Nations
Steve Herman
UNOCHA
Steve Herman