Wednesday, February 4, 2009

Monetary Fund cut its growth forecasts by half in Asia

Although the financial plans of the rescue taken by the unprecedented number of countries in east Asia, particularly Japan and China to face the repercussions of the global crisis, however, excludes the International Monetary Fund, where a quick recovery to reduce the estimates of growth in that area to almost half to be within the limits of 2.7% this year compared to expectations the former was assumed that the growth economies of East Asia, on average, up to 4.9%.