CCTV.com - CNTV English - CCTV News


Homepage > News > Biz >

IMF sees strong growth but signs of overheating in Asia

04-17-2011 08:11 BJT

WASHINGTON, April 16 (Xinhua) -- Economic growth in Asia will keep robust this year and the next, but there are signs of overheating, said a senior official of the International Monetary Fund (IMF) on Saturday.

"We see Asian economy remain robust in 2011 and 2012," said Anoop Singh, director of Asia and Pacific Department of the IMF at a press briefing during the IMF and World Bank spring meetings here in Washington.

"China and India will continue to lead the economic growth in this region," Singh told reporters.

According to the IMF's latest World Economic Outlook report released on Monday, economic growth rate in developing Asian countries will reach 8.4 percent both in 2011 and 2012.

Chinese economy is projected to grow 9.6 percent and 9.5 percent this year and the next. Indian economy will increase 8.2 percent and 7.8 percent respectively.

But the overheating pressure has been building in the past several months, Singh warned.

Driven by food and fuel prices spike, the rising inflation pressure has become the key concern of many Asian countries.

To tackle inflation will be the "top policy" for China and India in coming months, said Singh.

He also mentioned that the recent earthquake and tsunami as well as nuclear disaster happened in Japan would have negative impact on the global supply chain in the short run. However, it may not drag down the overall robust Asian growth prospect.

Singh noted that the tightening monetary policies that have been taken by China and other major Asian economies are proper to deal with the challenges.

 

 

Editor:Zhang Pengfei |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program