EconWatch.com > Asia's Economy To Grow 50 Percent Larger In Five Years: IMF

[India Server - News] "Based on expected trends, within five years Asia's economy (including Australia and New Zealand) will be about 50 per cent larger than it is today (in purchasing-power-parity terms), account for more than a third of global output, and be comparable in size to the economies of the US and Europe," said, Anoop Singh, IMF Director, Asia and Pacific Department.

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[Samachar Today] Asia emerges as a global economic powerhouse: IMF: Singh wrote in the issue of IMF’s Finance and Development that by 2030, Asian gross domestic product will exceed that of the Group of Seven major industrial economies G-7.

[Daily Markets » Releases] Asian GDP To Exceed G7 By 2030: IMF | Daily Markets: The lender said Asia’s role in the world economy continues to grow, both in world trade and finance and in economic governance, through institutions such as the IMF-and it will grow further. The broader global economy can draw from them a rich set of lessons, the IMF said.

[iMFdirect - The IMF Blog] Asia's Economy to Grow by 50% in Five Years « iMFdirect - The IMF Blog: _qacct='p-18-mFEk4J448M';_qoptions={labels:'adt.0,language.en,posttag.europe,posttag.eswar-prasad,posttag.china,posttag.india,posttag.united-states,posttag.central-banking,posttag.anoop-singh,posttag.linda-yueh,posttag.min-zhu,posttag.sanjay-kalra,posttag.olaf-unteroberdoerster,posttag.jang-hasung,posttag.duvvuri-subbarao,posttag.william-poole,posttag.rabah-arezki,posttag.markus-bruckner,posttag.randall-dodd,posttag.harald-finger,posttag.azim-sadikov,posttag.dominique-guillaume,posttag.roman-zytek,posttag.mohamed-a-el-erian,posttag.bas-b-bakker,posttag.anne-marie-gulde'};

[LOATAY.COM] LOATAY.COM - With India, China leading, Asia set to match US, Europe: “Based on expected trends, within five years Asia’s economy, including Australia and New Zealand, will be about 50 percent larger than it is today in purchasing-power-parity terms, account for more than a third of global output, and be comparable in size to the economies of the United States and Europe.”

[World Money Finance] 'Asia emerges as global economic power house' | World Money Finance: With India and China leading the way, the recent recession has underlined the emergence of Asia as a global economic powerhouse, says an IMF official. Based on expected trends, within five years Asia s economy (including Australia and New Zealand) will be about 50 per cent larger than it is today (in purchasing-power-parity terms), account for more than a third of global output, and be comparable in size to the economies of the US and Europe, IMF Director, Asia and Pacific Department, Anoop Singh said.

[IMF Survey Magazine] IMF Survey: Asia's Importance Growing in Global Economy: Addressing an audience at the National Council of Applied Economic Research (NCAER) in New Delhi, the head of the IMF’s Asia and Pacific Department, Anoop Singh, said the region’s share of world growth is likely to increase, enhancing Asia’s role as an economic powerhouse over the next few decades.

[Business Today News | Top Stories] Business Today - India's leading business magazine: Asia accounts for just over 20 per cent of IMF voting shares, and this weight is certain to rise as the IMF pursues reforms to bring countries' voting shares more closely in line with their role in the world economy, he argued.

[Vamban News] With India, China Leading, Asia Set to Match US, Europe | Vamban News: ‘Based on expected trends, within five years Asia’s economy, including Australia and New Zealand, will be about 50 percent larger than it is today in purchasing-power-parity terms, account for more than a third of global output, and be comparable in size to the economies of the United States and Europe.’

[Gaea Times (by Simple Thoughts) Breaking News and incisive views 24/7] IMF report: Stronger China currency among package of reforms ...: Euro zone officials: China yuan should strengthenNANJING, China ”” China should allow its currency to strengthen against the euro and other major currencies, for its own sake as well as that of the global economy, top finance officials of the single-currency euro zone said Sunday. The plea to Chinese Prime Minister Wen Jiabao for faster movement on exchange rate reforms to reverse the euro's climb against the yuan, or renminbi, came in meetings ahead of an EU-China summit on Monday in this eastern Chinese city.

[iMFdirect - The IMF Blog] Asia: The Challenge of Capital Inflows: In this way, they could also support the package of policies that is needed in many Asian countries to rebalance the economy toward domestic demand in order to maintain medium-term growth momentum.

[Money Supply] IMF on Asia | Money Supply | FT.com: Anoop Singh, the IMF's Director, Asia Pacific Department, outlined the differences between this global recovery and prior recoveries in Asia in a press briefing. What were Asia's three main firsts?

[iMFdirect - The IMF Blog] Asia: Leading the Global Recovery: In China, growth is already at 11.9 percent in the first quarter and we expect it to average 10 percent for 2010 as a whole. The strong recovery has reflected a combination of strong private demand and government efforts to catalyze consumption and ramp up infrastructure investment.

[blog.fxcentral.net] IMF: Stronger China currency among reforms needed: SHANGHAI (AP) ”” Asia’s strong rebound from the global slowdown remains vulnerable to weak demand in Western economies, the International Monetary Fund said Thursday in a report suggesting China should let its currency strengthen as part of measures to reduce the region’s dependence on exports.

[Raw Finance] IMF Revises Asia 2010 Economic Growth Upward « Raw Finance: In the wake of the global downturn, Asian authorities swiftly deployed packages to boost government spending, reduce interest rates, and stabilize financial markets. These measures were much larger than in previous crises, and in the case of the fiscal programs even larger, on average, than those introduced by the Group of 20 industrialized and emerging market countries.

[Gaea Times (by Simple Thoughts) Breaking News and incisive views 24/7] World's growth engine India seeks more voice (Roundup): BHUBANESWAR - The free trade agreement between India and Thailand could boost the tourism sector in both countries, Thai Consul General in Kolkata Manop Mekprayoonthong said here Monday. "Thailand is one of the worlds favourite tourist destinations, and India is among the top 10 nations that contribute to its tourism sector, said Mekprayoonthong at a roundtable conference organised by the Confederation of Indian Industry (CII).

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