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The International Monetary Fund chief says Asian nations must brace for possible threats to the world economic recovery, but a global double dip recession is unlikely. IMF managing director Dominique Strauss-Kahn made the remarks on Monday at a high-level gathering in Daejeon, South Korea.
He said Asia has emerged as a global powerhouse, in the process of recovering from the worldwide economic crisis and its economic performance is likely to continue to grow. But he also warned that Asia is facing policy challenges from rising capital inflows. And that it needs to watch out for possible shocks from Europe.
The IMF last week forecast growth for Asia in 2010 of 7.5 percent, compared to an average 4.6 percent worldwide.
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