IMF today asked most Asian countries to continue with monetary and fiscal stimuli till signs of economic recovery are clear.
The advice by a key IMF official came even as he said global economy is beginning to pull out of recession and Asian giants, India and China, are leading the recovery of developing nations.
"Real GDP in the second quarter surprised mostly on the upside, with an expansion in France, Germany and Japan and a slower pace of contraction esewhere, including in the United States," IMF Director (Asia and Pacific Department) Anoop Singh said at a press conference in Istanbul ahead of Fund-Bank meeting from October six.
"Emerging economies, led by China and India, are turning around even more strongly," he said.
Sunday, October 4, 2009
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